Cypress Capital Management LLC WY Has $752,000 Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Cypress Capital Management LLC WY reduced its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,537 shares of the company’s stock after selling 3,018 shares during the period. Cypress Capital Management LLC WY’s holdings in Celsius were worth $752,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position 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 valued at $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. grew its holdings in shares of Celsius by 17.1% during 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 acquiring an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Celsius by 93.5% in the third 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 during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Celsius during the third quarter worth $2,772,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CELH shares. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. UBS Group dropped their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Truist Financial lifted their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group reduced their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’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 sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Celsius Trading Up 1.7 %

Shares of Celsius stock opened at $25.78 on Friday. Celsius Holdings, Inc. has a 1 year low of $24.42 and a 1 year high of $99.62. The company’s fifty day simple moving average is $27.91 and its 200-day simple moving average is $33.08. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.79 and a beta of 1.79.

Celsius Company 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.