Pitcairn Co. Purchases Shares of 8,153 Celsius Holdings, Inc. (NASDAQ:CELH)

Pitcairn Co. acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,153 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds have also made changes to their positions in the business. S.A. Mason LLC purchased a new position in Celsius in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius during the 3rd quarter valued at about $34,000. Signaturefd LLC lifted its position in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position 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. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ CELH opened at $28.37 on Thursday. The firm has a market capitalization of $6.67 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 3.42 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The company has a 50-day simple moving average of $30.55 and a 200-day simple moving average of $46.71.

Insider Activity

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Bank of America reduced their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.40.

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.