Intech Investment Management LLC Has $1.37 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Intech Investment Management LLC raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 56.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 43,787 shares of the company’s stock after acquiring an additional 15,792 shares during the period. Intech Investment Management LLC’s holdings in Celsius were worth $1,373,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CELH. Van ECK Associates Corp increased its holdings in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. increased its stake in shares of Celsius by 17.1% in 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 during the last quarter. Vontobel Holding Ltd. raised its position in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the period. Janney Montgomery Scott LLC bought a new position in Celsius during the 3rd quarter worth approximately $984,000. Finally, Lighthouse Investment Partners LLC acquired a new position in Celsius during the second quarter valued at approximately $20,024,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CELH. Truist Financial lifted their price target 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. Stifel Nicolaus reduced their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Jefferies Financial Group decreased their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Roth Mkm dropped their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $27.60 on Wednesday. The company’s 50-day moving average price is $30.67 and its two-hundred day moving average price is $46.84. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The stock has a market capitalization of $6.49 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 3.37 and a beta of 1.86.

Celsius 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.