Moran Wealth Management LLC Purchases 4,353 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Moran Wealth Management LLC boosted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 68.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,752 shares of the company’s stock after purchasing an additional 4,353 shares during the quarter. Moran Wealth Management LLC’s holdings in Celsius were worth $337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Celsius by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after acquiring an additional 790,014 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Celsius by 86.9% during the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Celsius in the 2nd quarter valued at $20,024,000. Finally, Ogborne Capital Management LLC raised its holdings in shares of Celsius by 43.5% during the 1st quarter. Ogborne Capital Management LLC now owns 638,449 shares of the company’s stock worth $52,940,000 after buying an additional 193,449 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Up 0.9 %

Shares of NASDAQ:CELH opened at $29.31 on Friday. The business’s 50 day moving average is $30.97 and its 200 day moving average is $48.34. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.13 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CELH shares. Piper Sandler decreased 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. LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Truist Financial lifted their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Jefferies Financial Group reduced their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, UBS Group lowered their target price on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

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.