Sovran Advisors LLC Acquires Shares of 82,768 Celsius Holdings, Inc. (NASDAQ:CELH)

Sovran Advisors LLC purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 82,768 shares of the company’s stock, valued at approximately $2,224,000.

Several other hedge funds also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius during the third quarter valued at approximately $34,000. Fiduciary Alliance LLC grew its position in shares of Celsius by 17.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 11,384 shares of the company’s stock worth $357,000 after purchasing an additional 1,711 shares in the last quarter. Creative Planning raised its holdings in Celsius by 41.7% in the 3rd quarter. Creative Planning now owns 30,460 shares of the company’s stock valued at $955,000 after acquiring an additional 8,966 shares in the last quarter. Swedbank AB lifted its position in Celsius by 49.7% during the third quarter. Swedbank AB now owns 11,507 shares of the company’s stock worth $361,000 after purchasing an additional 3,818 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Celsius Price Performance

NASDAQ:CELH opened at $21.68 on Tuesday. Celsius Holdings, Inc. has a 1-year low of $21.43 and a 1-year high of $99.62. The company’s 50-day moving average is $27.18 and its two-hundred day moving average is $31.67. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.44 and a beta of 1.78.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. B. Riley lowered their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their target price on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price objective 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 assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.56.

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.