Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,070,180 shares of the company’s stock after selling 440,030 shares during the quarter. Eagle Asset Management Inc.’s holdings in Celsius were worth $59,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CELH. Massachusetts Financial Services Co. MA lifted its position in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the period. Capital Research Global Investors acquired a new position in Celsius in the first quarter valued at approximately $99,746,000. Bank of New York Mellon Corp boosted its position in Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after purchasing an additional 790,014 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Celsius during the 2nd quarter worth approximately $20,024,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated 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 directly owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CELH shares. Piper Sandler lowered their price target 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. Maxim Group lowered 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. B. Riley dropped their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus reduced their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Roth Mkm lowered their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Stock Performance

Shares of CELH opened at $29.05 on Friday. The stock has a 50 day moving average price of $31.05 and a 200 day moving average price of $48.48. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 3.13 and a beta of 1.86.

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.