Braun Stacey Associates Inc. Cuts Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Braun Stacey Associates Inc. lowered its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 40.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,828 shares of the company’s stock after selling 211,606 shares during the period. Braun Stacey Associates Inc.’s holdings in Celsius were worth $9,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CELH. QRG Capital Management Inc. bought a new position in Celsius in the first quarter worth about $239,000. Blair William & Co. IL acquired a new position in Celsius during the 1st quarter valued at about $396,000. Vanguard Group Inc. grew its position in Celsius by 18.7% during the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after purchasing an additional 2,567,290 shares during the last quarter. Covestor Ltd increased its stake in Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius in the first quarter worth $563,000. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CELH shares. TD Cowen cut their target price on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Stifel Nicolaus lowered their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group reduced their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred 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 $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Down 4.7 %

CELH opened at $25.66 on Monday. Celsius Holdings, Inc. has a twelve month low of $25.50 and a twelve month high of $99.62. The firm has a market capitalization of $6.03 billion, a PE ratio of 35.64, a PEG ratio of 2.95 and a beta of 1.86. The firm’s 50-day moving average price is $31.41 and its 200 day moving average price is $49.47.

Celsius 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.