Janney Montgomery Scott LLC Raises Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Janney Montgomery Scott LLC boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 85.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,178 shares of the company’s stock after purchasing an additional 26,801 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Celsius were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares in the last quarter. Geode Capital Management LLC increased its stake in Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CELH shares. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. Piper Sandler lowered their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus cut their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $23.76 on Tuesday. Celsius Holdings, Inc. has a fifty-two week low of $23.51 and a fifty-two week high of $99.62. The business has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $32.57. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.78.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.