Swiss National Bank Has $6.34 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Swiss National Bank grew its position in shares of Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) by 21.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,100 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. Swiss National Bank’s holdings in Celsius were worth $6,337,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its stake in shares of Celsius by 0.4% during the second quarter. CWA Asset Management Group LLC now owns 51,373 shares of the company’s stock valued at $3,353,000 after purchasing an additional 228 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Celsius by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 32,990 shares of the company’s stock worth $1,867,000 after acquiring an additional 229 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Celsius by 7.1% in the first quarter. Los Angeles Capital Management LLC now owns 4,270 shares of the company’s stock worth $236,000 after acquiring an additional 282 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Celsius by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 5,505 shares of the company’s stock worth $304,000 after acquiring an additional 292 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Celsius by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 15,623 shares of the company’s stock worth $1,020,000 after acquiring an additional 305 shares during the period. 55.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CELH shares. Wedbush started coverage on Celsius in a research note on Monday, October 10th. They issued a “neutral” rating and a $90.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Celsius from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. B. Riley lifted their price objective on Celsius from $130.00 to $140.00 in a research note on Thursday, November 10th. Credit Suisse Group lifted their price objective on Celsius to $85.00 in a research note on Tuesday, November 15th. Finally, UBS Group lifted their target price on Celsius from $74.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.14.

Celsius Stock Performance

Shares of CELH stock opened at $103.92 on Thursday. The company has a market cap of $7.92 billion, a P/E ratio of -49.49 and a beta of 1.83. The stock has a 50 day simple moving average of $91.18 and a two-hundred day simple moving average of $83.59. Celsius Holdings, Inc. has a fifty-two week low of $38.31 and a fifty-two week high of $118.19.

Celsius (NASDAQ:CELHGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.85). The business had revenue of $188.23 million during the quarter, compared to the consensus estimate of $163.14 million. Celsius had a negative return on equity of 12.52% and a negative net margin of 26.58%. On average, research analysts predict that Celsius Holdings, Inc. will post -1.76 earnings per share for the current year.

Celsius Profile

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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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