BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 12.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,288 shares of the company’s stock after selling 3,738 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Celsius were worth $793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the period. MIG Capital LLC bought a new stake in shares of Celsius in the third quarter valued at approximately $30,358,000. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 790,014 shares during the period. Dimensional Fund Advisors LP grew its stake in Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Celsius during the 2nd quarter valued at $20,024,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CELH shares. Truist Financial lifted their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. UBS Group lowered 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. Jefferies Financial Group decreased their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. B. Riley reduced their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Bank of America dropped their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.40.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Celsius Trading Down 3.7 %

Shares of NASDAQ:CELH opened at $27.89 on Friday. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The stock’s 50-day moving average price is $30.10 and its 200-day moving average price is $44.40. The stock has a market capitalization of $6.55 billion, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 3.34 and a beta of 1.76.

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.