Retirement Systems of Alabama grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,786 shares of the company’s stock after buying an additional 7,138 shares during the period. Retirement Systems of Alabama owned 0.10% of Celsius worth $7,415,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in Celsius in the 4th quarter worth approximately $27,000. Money Concepts Capital Corp bought a new stake in Celsius in the 4th quarter worth approximately $28,000. IFP Advisors Inc increased its stake in Celsius by 19.7% in the 4th quarter. IFP Advisors Inc now owns 4,185 shares of the company’s stock worth $38,000 after acquiring an additional 690 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Celsius in the 1st quarter worth approximately $42,000. Finally, Fortis Capital Advisors LLC bought a new stake in Celsius in the 4th quarter worth approximately $67,000. 58.86% of the stock is owned by hedge funds and other institutional investors.
Celsius Stock Up 0.0 %
Shares of Celsius stock opened at $143.40 on Tuesday. The stock’s fifty day moving average is $141.65 and its two-hundred day moving average is $111.83. The company has a market capitalization of $11.01 billion, a PE ratio of -62.08 and a beta of 1.81. Celsius Holdings, Inc. has a 52 week low of $78.25 and a 52 week high of $157.28.
Wall Street Analysts Forecast Growth
CELH has been the topic of a number of research reports. Bank of America lifted their price objective on Celsius from $145.00 to $165.00 in a research note on Wednesday, June 14th. UBS Group lifted their price objective on Celsius from $130.00 to $160.00 in a research note on Friday, June 2nd. Piper Sandler boosted their target price on Celsius from $130.00 to $165.00 in a research report on Monday, June 5th. LADENBURG THALM/SH SH boosted their target price on Celsius from $110.00 to $122.00 in a research report on Wednesday, May 10th. Finally, Wedbush boosted their target price on Celsius from $130.00 to $155.00 in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.20.
Insider Buying and Selling at Celsius
In other Celsius news, Director Caroline S. Levy sold 2,200 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $134.51, for a total value of $295,922.00. Following the transaction, the director now owns 17,605 shares of the company’s stock, valued at approximately $2,368,048.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Celsius news, Director Caroline S. Levy sold 2,200 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $134.51, for a total value of $295,922.00. Following the completion of the sale, the director now directly owns 17,605 shares in the company, valued at approximately $2,368,048.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hoi Shuen Solina Holly Chau sold 514,933 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $97.10, for a total value of $49,999,994.30. Following the completion of the sale, the insider now owns 8,331,299 shares of the company’s stock, valued at $808,969,132.90. The disclosure for this sale can be found here. Insiders have sold 888,109 shares of company stock valued at $102,736,557 in the last quarter. 2.70% of the stock is owned by insiders.
Celsius Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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