Bennett Selby Investments LP boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 392.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 51,645 shares of the company's stock after acquiring an additional 41,161 shares during the quarter. Celsius comprises about 0.5% of Bennett Selby Investments LP's portfolio, making the stock its 28th largest position. Bennett Selby Investments LP's holdings in Celsius were worth $1,360,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius in the third quarter valued at approximately $34,000. Signaturefd LLC lifted its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after acquiring an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock valued at $37,000 after purchasing an additional 630 shares during the period. Finally, Activest Wealth Management acquired a new position in Celsius during the third quarter valued at $39,000. 60.95% of the stock is owned by institutional investors and hedge funds.
NASDAQ CELH opened at $25.77 on Friday. The business's fifty day simple moving average is $28.01 and its 200-day simple moving average is $33.93. The firm has a market cap of $6.06 billion, a PE ratio of 35.79, a P/E/G ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a 52 week low of $24.55 and a 52 week high of $99.62.
CELH has been the topic of several analyst reports. Jefferies Financial Group cut their price target on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Piper Sandler reduced their price target on Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus dropped their price objective on Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 target price for the company. Finally, LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.00.
Get Our Latest Stock Report on CELH
In other Celsius 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 transaction of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares of the company's stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.
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.
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