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

Retirement Systems of Alabama grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 284,501 shares of the company’s stock after purchasing an additional 19,387 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Celsius worth $8,922,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares during the last quarter. Geode Capital Management LLC grew its holdings in Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares during the period. Bank of New York Mellon Corp increased its position in Celsius by 36.7% during the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after purchasing an additional 790,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CELH shares. Bank of America lowered their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC initiated coverage on Celsius in a research note on Friday, December 6th. They set a “buy” rating and a $38.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. Jefferies Financial Group dropped their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, Maxim Group reduced their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and an average price target of $51.17.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Down 2.7 %

Shares of NASDAQ CELH opened at $30.94 on Tuesday. The business has a 50 day moving average price of $30.05 and a two-hundred day moving average price of $41.17. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a market cap of $7.27 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76.

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.