Kercheville Advisors LLC Invests $1.44 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Kercheville Advisors LLC purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,795 shares of the company’s stock, valued at approximately $1,443,000.

A number of other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after purchasing an additional 289 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Signaturefd LLC boosted its position 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 buying an additional 378 shares during the period. Blue Trust Inc. boosted its position in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Celsius by 6.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock valued at $248,000 after buying an additional 586 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ:CELH opened at $22.43 on Thursday. The firm has a market cap of $5.27 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.77 and a beta of 1.78. Celsius Holdings, Inc. has a fifty-two week low of $22.29 and a fifty-two week high of $99.62. The firm has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $32.20.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CELH. Jefferies Financial Group dropped their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Stifel Nicolaus dropped their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Piper Sandler dropped their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.

About Celsius

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.