Quest Partners LLC increased its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 671.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,814 shares of the company's stock after acquiring an additional 18,985 shares during the quarter. Quest Partners LLC's holdings in Celsius were worth $684,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in Celsius in the 1st quarter worth about $40,000. S.A. Mason LLC purchased a new position in Celsius during the 2nd quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. grew its holdings in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock valued at $37,000 after buying an additional 505 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock valued at $37,000 after buying an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.
NASDAQ:CELH traded up $0.26 during mid-day trading on Friday, reaching $29.31. The stock had a trading volume of 5,804,541 shares, compared to its average volume of 8,316,348. The firm has a 50 day moving average price of $30.88 and a two-hundred day moving average price of $48.00. The stock has a market capitalization of $6.89 billion, a P/E ratio of 40.71, a P/E/G ratio of 3.34 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62.
A number of research analysts have weighed in on CELH shares. Roth Mkm reduced their target price on Celsius from $43.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Morgan Stanley reaffirmed an "equal weight" rating and set a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an "overweight" rating for the company in a report on Tuesday, September 24th. TD Cowen reduced their target price on Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Jefferies Financial Group reduced their target price on Celsius from $53.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.40.
Read Our Latest Stock Analysis on Celsius
In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at $59,449,672. The trade was a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.
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.
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