Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 7.3% in the third quarter, HoldingsChannel.com reports. The firm owned 284,501 shares of the company’s stock after acquiring an additional 19,387 shares during the period. Retirement Systems of Alabama’s holdings in Celsius were worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Celsius by 78.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,509 shares of the company’s stock valued at $486,000 after buying an additional 3,741 shares during the period. Swedbank AB boosted its stake in Celsius by 128.8% in the second quarter. Swedbank AB now owns 7,689 shares of the company’s stock valued at $439,000 after acquiring an additional 4,329 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Celsius by 2.6% during the second quarter. Nisa Investment Advisors LLC now owns 37,230 shares of the company’s stock valued at $2,125,000 after purchasing an additional 956 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Celsius during the 2nd quarter worth approximately $282,000. Finally, Griffin Asset Management Inc. lifted its holdings in shares of Celsius by 74.5% in the 2nd quarter. Griffin Asset Management Inc. now owns 8,144 shares of the company’s stock worth $465,000 after purchasing an additional 3,476 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CELH. UBS Group lowered their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Maxim Group decreased their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Stifel Nicolaus cut their price target on Celsius from $51.00 to $45.00 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, four have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.17.

Celsius Stock Performance

NASDAQ CELH opened at $30.94 on Tuesday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 42.97, a P/E/G ratio of 3.44 and a beta of 1.76. The business’s fifty day moving average is $30.05 and its two-hundred day moving average is $41.17. Celsius Holdings, Inc. has a 1 year low of $25.23 and a 1 year high of $99.62.

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.