Y Intercept Hong Kong Ltd Invests $301,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Y Intercept Hong Kong Ltd bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,610 shares of the company’s stock, valued at approximately $301,000.

A number of other large investors have also recently bought and sold shares of CELH. XTX Topco Ltd lifted its position in shares of Celsius by 119.8% in the third quarter. XTX Topco Ltd now owns 21,431 shares of the company’s stock valued at $672,000 after acquiring an additional 11,681 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Celsius in the 3rd quarter valued at about $2,772,000. Worldquant Millennium Advisors LLC lifted its holdings in Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Celsius during the 3rd quarter worth about $2,873,000. Finally, State Street Corp grew its holdings in shares of Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $29.24 on Wednesday. The company has a market cap of $6.87 billion, a P/E ratio of 40.61, a PEG ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The business’s 50-day simple moving average is $30.10 and its 200 day simple moving average is $40.47.

Analyst Upgrades and Downgrades

CELH has been the subject of several analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group dropped their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Roth Mkm dropped their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on 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 sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.