Gateway Investment Advisers LLC Acquires New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Gateway Investment Advisers LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 132,309 shares of the company’s stock, valued at approximately $3,485,000.

A number of other hedge funds have also made changes to their positions in CELH. State Street Corp grew its stake in Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after acquiring an additional 165,329 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 221,833 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Celsius by 993.0% during the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Celsius by 86.9% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CELH. UBS Group reduced their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday. B. Riley cut their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Piper Sandler reduced their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group lowered their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.94.

Celsius Stock Performance

Celsius stock opened at $27.23 on Friday. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The company has a 50-day simple moving average of $28.09 and a 200-day simple moving average of $35.00. The firm has a market capitalization of $6.40 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.79 and a beta of 1.79.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Celsius 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.