Gateway Investment Advisers LLC Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Gateway Investment Advisers LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 132,309 shares of the company’s stock, valued at approximately $3,485,000. Gateway Investment Advisers LLC owned 0.06% of Celsius at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CELH. Worldquant Millennium Advisors LLC grew its stake in Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. MIG Capital LLC purchased a new stake in shares of Celsius during the 3rd quarter worth $30,358,000. Dimensional Fund Advisors LP grew its stake in shares of Celsius by 86.9% during the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Celsius in the second quarter valued at $20,024,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CELH. UBS Group reduced their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday. Piper Sandler cut their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Monday, January 6th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.94.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on 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 directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Celsius Trading Down 1.3 %

NASDAQ CELH opened at $27.23 on Friday. The business’s 50 day moving average is $28.09 and its two-hundred day moving average is $35.00. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62.

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.