SG Americas Securities LLC Purchases 1,914,264 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

SG Americas Securities LLC increased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 10,320.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,932,813 shares of the company’s stock after acquiring an additional 1,914,264 shares during the quarter. SG Americas Securities LLC’s holdings in Celsius were worth $50,910,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the period. Van ECK Associates Corp boosted its position in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Celsius in the third quarter valued at approximately $2,772,000. 60.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $25.35 on Thursday. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The business has a 50-day simple moving average of $28.08 and a two-hundred day simple moving average of $34.26. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CELH shares. JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Roth Mkm lowered their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Finally, Stifel Nicolaus decreased their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.78.

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.