Channel Wealth LLC Invests $738,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Channel Wealth LLC bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,007 shares of the company’s stock, valued at approximately $738,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CELH. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Celsius in the second quarter worth $45,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius during the third quarter valued at $34,000. Finally, Signaturefd LLC lifted its stake in Celsius by 48.3% in 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. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Up 1.1 %

Shares of NASDAQ CELH opened at $27.59 on Friday. The business’s 50 day moving average is $28.12 and its two-hundred day moving average is $35.22. The company has a market cap of $6.48 billion, a P/E ratio of 38.32, a P/E/G ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62.

Wall Street Analysts Forecast Growth

CELH has been the topic of several research analyst reports. UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday. B. Riley cut their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Piper Sandler lowered their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Finally, Stifel Nicolaus dropped their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.94.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.