Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,702 shares of the company’s stock after selling 17,744 shares during the period. Victory Capital Management Inc. owned 0.15% of Celsius worth $11,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Celsius in the 1st quarter valued at about $40,000. S.A. Mason LLC purchased a new stake in shares of Celsius in the 2nd quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. TD Cowen reduced their target price on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Jefferies Financial Group reduced their target price on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Maxim Group reduced their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of Celsius stock opened at $27.71 on Thursday. The business has a 50-day moving average of $31.16 and a 200-day moving average of $48.63. The company has a market capitalization of $6.51 billion, a PE ratio of 37.90, a P/E/G ratio of 2.95 and a beta of 1.86. Celsius Holdings, Inc. has a 1-year low of $25.23 and a 1-year high of $99.62.

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.