Geneos Wealth Management Inc. Buys 5,216 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Geneos Wealth Management Inc. lifted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 34.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,554 shares of the company’s stock after buying an additional 5,216 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Celsius were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CELH. State Street Corp increased its holdings in Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after acquiring an additional 165,329 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Celsius by 3.6% during the 3rd 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. SG Americas Securities LLC lifted its stake in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Celsius by 19.1% during 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 buying an additional 221,833 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after buying an additional 1,072,859 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Tuesday. B. Riley lowered their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Finally, Roth Mkm decreased their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $48.00.

Celsius Trading Down 2.0 %

Shares of CELH opened at $24.88 on Wednesday. The company’s fifty day simple moving average is $27.96 and its 200-day simple moving average is $33.14. The company has a market cap of $5.85 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a twelve month low of $24.55 and a twelve month high of $99.62.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

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.