Celsius Holdings, Inc. (NASDAQ:CELH) Position Boosted by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 92,260.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,618 shares of the company’s stock after purchasing an additional 4,613 shares during the period. Manchester Capital Management LLC’s holdings in Celsius were worth $122,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CELH. Creative Planning lifted its position in shares of Celsius by 41.7% during the third quarter. Creative Planning now owns 30,460 shares of the company’s stock worth $955,000 after purchasing an additional 8,966 shares during the last quarter. Swedbank AB lifted its position in shares of Celsius by 49.7% during the third quarter. Swedbank AB now owns 11,507 shares of the company’s stock worth $361,000 after purchasing an additional 3,818 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after purchasing an additional 22,786 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Celsius during the third quarter worth about $72,000. Finally, Secure Asset Management LLC lifted its holdings in Celsius by 63.3% in the third quarter. Secure Asset Management LLC now owns 10,264 shares of the company’s stock worth $322,000 after acquiring an additional 3,977 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. B. Riley lowered their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Celsius Stock Down 1.4 %

Shares of NASDAQ:CELH opened at $22.34 on Friday. The firm has a fifty day moving average of $26.52 and a two-hundred day moving average of $30.91. The firm has a market capitalization of $5.25 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Insider Buying and Selling at Celsius

In other Celsius 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 completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

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.