82,768 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 82,768 shares of the company’s stock, valued at approximately $2,224,000.

A number of other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in 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. Worldquant Millennium Advisors LLC raised its position in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the last quarter. MIG Capital LLC acquired a new stake in Celsius in the 3rd quarter valued at about $30,358,000. Charles Schwab Investment Management Inc. raised its position in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Celsius in the third quarter valued at about $5,700,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of a number of analyst reports. UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Jefferies Financial Group decreased their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. Finally, TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.56.

Celsius Stock Down 3.3 %

NASDAQ:CELH opened at $21.68 on Tuesday. The stock has a market capitalization of $5.10 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. The stock’s 50-day moving average price is $27.18 and its 200-day moving average price is $31.67. Celsius Holdings, Inc. has a 52 week low of $21.43 and a 52 week high of $99.62.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the 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 owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.