Intech Investment Management LLC Acquires 15,792 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Intech Investment Management LLC increased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 56.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,787 shares of the company’s stock after acquiring an additional 15,792 shares during the quarter. Intech Investment Management LLC’s holdings in Celsius were worth $1,373,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in shares of Celsius in the first quarter valued at $509,000. Silvercrest Asset Management Group LLC grew its stake in Celsius by 14.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 27,585 shares of the company’s stock valued at $2,287,000 after buying an additional 3,435 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Celsius by 26.4% in the 1st quarter. Janus Henderson Group PLC now owns 5,804 shares of the company’s stock valued at $481,000 after acquiring an additional 1,212 shares during the period. California State Teachers Retirement System lifted its position in Celsius by 2.5% during the first quarter. California State Teachers Retirement System now owns 255,805 shares of the company’s stock worth $21,211,000 after acquiring an additional 6,358 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after acquiring an additional 249 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 7.2 %

Shares of CELH stock opened at $27.60 on Wednesday. The business has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $46.84. The company has a market cap of $6.49 billion, a P/E ratio of 38.33, a P/E/G ratio of 3.37 and a beta of 1.86. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

Analyst Ratings Changes

CELH has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group dropped 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. B. Riley decreased their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Finally, Truist Financial increased 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

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.