Cerity Partners LLC Decreases Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Cerity Partners LLC cut its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 86.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,777 shares of the company’s stock after selling 122,999 shares during the quarter. Cerity Partners LLC’s holdings in Celsius were worth $589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the period. Van ECK Associates Corp raised its stake in shares of Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. raised its stake in shares of Celsius by 17.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Celsius during the 3rd quarter valued at $984,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Trading Up 1.0 %

Shares of Celsius stock opened at $28.17 on Friday. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The business’s 50 day simple moving average is $30.01 and its 200-day simple moving average is $43.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CELH shares. Bank of America lowered 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. Needham & Company LLC initiated coverage on shares of Celsius in a research report on Friday. They set a “buy” rating and a $38.00 price target for the company. Maxim Group cut their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. UBS Group decreased their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Truist Financial increased their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.38.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

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.