Celsius Holdings, Inc. (NASDAQ:CELH) Stake Cut by Choreo LLC

Choreo LLC decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,566 shares of the company’s stock after selling 1,265 shares during the period. Choreo LLC’s holdings in Celsius were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Celsius by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company’s stock valued at $587,000 after buying an additional 1,100 shares during the period. E. Ohman J or Asset Management AB acquired a new position in shares of Celsius in the fourth quarter worth $1,712,000. S.A. Mason LLC raised its holdings in shares of Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Celsius by 46.9% during the fourth quarter. DAVENPORT & Co LLC now owns 30,181 shares of the company’s stock valued at $795,000 after purchasing an additional 9,642 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Celsius in the fourth quarter valued at about $219,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler cut their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Jefferies Financial Group dropped their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Truist Financial increased their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.56.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Performance

NASDAQ:CELH opened at $21.28 on Thursday. The firm’s 50-day moving average is $26.90 and its 200-day moving average is $31.31. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $99.62.

Celsius Company Profile

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.