Worldquant Millennium Advisors LLC Grows Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Worldquant Millennium Advisors LLC raised its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 993.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,180,904 shares of the company’s stock after purchasing an additional 1,072,859 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Celsius were worth $37,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares during the last quarter. MIG Capital LLC bought a new position in shares of Celsius during the 3rd quarter valued at approximately $30,358,000. Bank of New York Mellon Corp grew its holdings in shares of Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Celsius in the second quarter worth $20,024,000. 60.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Celsius 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 transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CELH. Truist Financial increased their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Bank of America dropped their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Maxim Group decreased their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, Stifel Nicolaus decreased their price target on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.38.

Celsius Price Performance

CELH stock opened at $27.89 on Friday. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The firm’s 50-day moving average is $30.10 and its 200 day moving average is $44.40. The company has a market capitalization of $6.55 billion, a PE ratio of 38.74, a P/E/G ratio of 3.34 and a beta of 1.76.

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.