Dillon & Associates Inc. Has $2.38 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Dillon & Associates Inc. raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 72.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,607 shares of the company’s stock after buying an additional 32,111 shares during the period. Dillon & Associates Inc.’s holdings in Celsius were worth $2,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Celsius in the first quarter valued at about $395,000. Forsta AP Fonden acquired a new position in shares of Celsius in the 1st quarter worth approximately $2,605,000. QRG Capital Management Inc. bought a new stake in shares of Celsius during the first quarter worth $239,000. Russell Investments Group Ltd. increased its stake in shares of Celsius by 40.6% in the first quarter. Russell Investments Group Ltd. now owns 391,275 shares of the company’s stock valued at $32,445,000 after buying an additional 112,983 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Celsius Stock Down 1.6 %

Shares of NASDAQ:CELH opened at $26.96 on Wednesday. The company has a 50-day moving average price of $31.94 and a two-hundred day moving average price of $50.61. Celsius Holdings, Inc. has a twelve month low of $25.77 and a twelve month high of $99.62. The firm has a market capitalization of $6.34 billion, a PE ratio of 37.44, a P/E/G ratio of 3.11 and a beta of 1.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CELH shares. Roth Mkm lowered their target price on Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Maxim Group reduced their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. TD Cowen dropped their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Finally, B. Riley decreased their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

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.