Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Bennett Selby Investments LP

Bennett Selby Investments LP boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 392.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 51,645 shares of the company’s stock after purchasing an additional 41,161 shares during the period. Celsius accounts for 0.5% of Bennett Selby Investments LP’s holdings, making the stock its 28th largest position. Bennett Selby Investments LP’s holdings in Celsius were worth $1,360,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC lifted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius during the third quarter worth $39,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

NASDAQ:CELH opened at $25.77 on Friday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a 1-year low of $24.55 and a 1-year high of $99.62. The firm’s fifty day moving average price is $28.01 and its 200 day moving average price is $33.93.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now 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 legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of a number of recent analyst reports. UBS Group decreased their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Monday, January 6th. Piper Sandler lowered their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.00.

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.