Auxier Asset Management Buys New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Auxier Asset Management purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the third quarter, HoldingsChannel.com reports. The firm purchased 6,925 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds have also recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in Celsius by 26.4% during the first quarter. Janus Henderson Group PLC now owns 5,804 shares of the company’s stock worth $481,000 after purchasing an additional 1,212 shares during the period. California State Teachers Retirement System increased its stake in shares of Celsius by 2.5% in the 1st quarter. California State Teachers Retirement System now owns 255,805 shares of the company’s stock valued at $21,211,000 after acquiring an additional 6,358 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares during the period. Comerica Bank boosted its stake in Celsius by 5.7% during the first quarter. Comerica Bank now owns 55,446 shares of the company’s stock worth $4,598,000 after acquiring an additional 2,990 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Celsius in the first quarter worth $134,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Up 2.8 %

Shares of CELH opened at $28.37 on Friday. The stock has a 50 day moving average of $30.44 and a 200 day moving average of $46.58. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 3.26 and a beta of 1.86. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CELH. TD Cowen cut their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus reduced their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. Jefferies Financial Group decreased their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.