Swedbank AB Increases Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Swedbank AB lifted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 49.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,507 shares of the company’s stock after buying an additional 3,818 shares during the period. Swedbank AB’s holdings in Celsius were worth $361,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. grew its position in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after buying an additional 25,315 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Celsius in the 3rd quarter valued at $984,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Celsius in the 2nd quarter valued at $20,024,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Up 2.8 %

Shares of CELH opened at $28.37 on Thursday. The company has a 50-day simple moving average of $30.55 and a 200-day simple moving average of $46.71. The company has a market capitalization of $6.67 billion, a PE ratio of 39.40, a P/E/G ratio of 3.42 and a beta of 1.86. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on CELH. Truist Financial increased their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Roth Mkm decreased their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, TD Cowen decreased their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

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.