Qsemble Capital Management LP Makes New $779,000 Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Qsemble Capital Management LP acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,854 shares of the company’s stock, valued at approximately $779,000.

A number of other hedge funds have also recently added to or reduced their stakes in CELH. S.A. Mason LLC bought a new stake in Celsius during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the 3rd quarter worth about $34,000. Signaturefd LLC boosted its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 7.2 %

NASDAQ CELH opened at $27.60 on Wednesday. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The company has a market capitalization of $6.49 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 3.37 and a beta of 1.86. The firm’s 50 day moving average is $30.67 and its 200-day moving average is $46.84.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CELH shares. Stifel Nicolaus reduced their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen reduced their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Maxim Group reduced their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target 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.