Principal Financial Group Inc. Sells 31,325 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Principal Financial Group Inc. lessened its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,483 shares of the company’s stock after selling 31,325 shares during the quarter. Principal Financial Group Inc. owned 0.16% of Celsius worth $9,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CELH. S.A. Mason LLC lifted its holdings in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after buying an additional 700 shares in the last quarter. Activest Wealth Management bought a new stake in Celsius during the 3rd quarter valued at about $39,000. Blue Trust Inc. lifted its holdings in Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after buying an additional 549 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after buying an additional 1,114 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Celsius during the 3rd quarter valued at about $55,000. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Down 1.2 %

Shares of NASDAQ CELH opened at $25.69 on Friday. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a 50 day simple moving average of $25.91 and a two-hundred day simple moving average of $29.97. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

CELH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus reduced their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Piper Sandler reduced their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Roth Mkm restated a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average price target of $47.78.

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.