State Street Corp Grows Position in Celsius Holdings, Inc. (NASDAQ:CELH)

State Street Corp boosted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,320,760 shares of the company’s stock after purchasing an additional 165,329 shares during the quarter. State Street Corp’s holdings in Celsius were worth $166,860,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius during the third quarter worth approximately $34,000. Signaturefd LLC lifted its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius during the third quarter worth $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CELH. Needham & Company LLC assumed coverage on shares of Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 target price on the stock. B. Riley cut their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. UBS Group cut their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday. They issued a “hold” rating and a $32.00 price target on the stock. Finally, Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.28.

Celsius Stock Performance

Celsius stock opened at $31.79 on Friday. The company has a 50-day simple moving average of $30.02 and a 200-day simple moving average of $42.17. The firm has a market capitalization of $7.47 billion, a P/E ratio of 44.15, a P/E/G 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.

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.