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

Qsemble Capital Management LP purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,854 shares of the company’s stock, valued at approximately $779,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC bought a new stake in Celsius during the second quarter worth $30,000. EverSource Wealth Advisors LLC raised its position in Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the third quarter worth $34,000. Signaturefd LLC increased its holdings in shares of Celsius by 48.3% in the third 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. increased its holdings in shares of Celsius by 353.1% in the second 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. 60.95% of the stock is owned by institutional investors.

Insider Transactions at Celsius

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

Celsius Stock Down 7.2 %

Shares of CELH stock opened at $27.60 on Wednesday. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 3.37 and a beta of 1.86. Celsius Holdings, Inc. has a 52 week low of $25.23 and a 52 week high of $99.62. The firm has a 50 day moving average of $30.67 and a 200-day moving average of $46.84.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. Roth Mkm decreased their price objective on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Piper Sandler decreased their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Bank of America decreased their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. B. Riley decreased their price target 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. Finally, TD Cowen decreased their price target 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average target price of $54.40.

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.