968,057 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by MIG Capital LLC

MIG Capital LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 968,057 shares of the company’s stock, valued at approximately $30,358,000. Celsius makes up approximately 3.7% of MIG Capital LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Celsius by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after buying an additional 790,014 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $43,317,000 after buying an additional 221,833 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares in the last quarter. Finally, Ogborne Capital Management LLC grew its position in Celsius by 43.5% in the first quarter. Ogborne Capital Management LLC now owns 638,449 shares of the company’s stock valued at $52,940,000 after acquiring an additional 193,449 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research reports. Roth Mkm dropped their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. B. Riley cut their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Truist Financial upped their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a report on Tuesday, August 20th. Finally, Jefferies Financial Group lowered their target price on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.40.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $28.37 on Thursday. The company’s 50 day moving average price is $30.55 and its 200-day moving average price is $46.71. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The company has a market capitalization of $6.67 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 3.42 and a beta of 1.86.

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.