Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,927 shares of the company’s stock after purchasing an additional 2,720 shares during the period. King Luther Capital Management Corp’s holdings in Celsius were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA lifted its holdings in shares of Celsius by 231.2% in the 2nd 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 period. Bank of New York Mellon Corp boosted its position in Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after purchasing an additional 790,014 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Celsius by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after purchasing an additional 9,054 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Finally, Ogborne Capital Management LLC lifted its stake in shares of Celsius by 43.5% in the 1st quarter. Ogborne Capital Management LLC now owns 638,449 shares of the company’s stock valued at $52,940,000 after purchasing an additional 193,449 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CELH. B. Riley dropped their price target 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. Bank of America reduced their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Truist Financial raised their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen reduced their target price on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group decreased their target price on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Trading Up 0.9 %

NASDAQ:CELH opened at $29.31 on Friday. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The company has a market cap of $6.89 billion, a P/E ratio of 40.71, a P/E/G ratio of 3.13 and a beta of 1.86. The company’s 50-day moving average price is $30.97 and its 200-day moving average price is $48.34.

Celsius Company 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.