Manchester Capital Management LLC Acquires 4,613 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Manchester Capital Management LLC increased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 92,260.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,618 shares of the company’s stock after buying an additional 4,613 shares during the period. Manchester Capital Management LLC’s holdings in Celsius were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. S.A. Mason LLC boosted its position in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius during the 3rd quarter valued at about $39,000. Blue Trust Inc. boosted its position in shares of Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after acquiring an additional 549 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after buying an additional 1,114 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CELH. B. Riley reduced their price target 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. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. JPMorgan Chase & Co. started 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. Jefferies Financial Group reduced their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.56.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 owns 261,245 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $22.34 on Friday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a market capitalization of $5.25 billion, a PE ratio of 31.03, a PEG ratio of 2.44 and a beta of 1.78. The company has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $30.91.

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.