Franklin Resources Inc. Sells 600,773 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Franklin Resources Inc. reduced its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 42.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,761 shares of the company’s stock after selling 600,773 shares during the quarter. Franklin Resources Inc. owned 0.35% of Celsius worth $28,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its holdings in Celsius by 4.1% during the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after buying an additional 289 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celsius by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after purchasing an additional 337 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Celsius by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock valued at $2,376,000 after buying an additional 375 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CELH shares. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group decreased their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Maxim Group cut their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Stock Down 7.4 %

Shares of NASDAQ CELH opened at $27.09 on Thursday. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The company’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $40.38.

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.