SG Americas Securities LLC Has $50.91 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

SG Americas Securities LLC boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 10,320.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 owned 0.82% of Celsius worth $50,910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. boosted its stake in shares of Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. boosted its stake in shares of Celsius by 17.1% in the 3rd 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 during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Celsius by 93.5% in the 3rd 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 during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Celsius in the 3rd quarter valued at $2,772,000. 60.95% of the stock is owned by institutional investors.

Celsius Price Performance

Shares of CELH stock opened at $25.35 on Thursday. The firm has a 50-day moving average of $28.08 and a 200-day moving average of $34.26. The company has a market cap of $5.96 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.99 and a beta of 1.79. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CELH shares. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Monday, January 6th. B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $29.00 in a research report on Wednesday. Finally, UBS Group dropped their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.78.

Insider Activity at Celsius

In other Celsius 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 transaction of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company insiders.

Celsius 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.