Atria Investments Inc Sells 1,807 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Atria Investments Inc lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,182 shares of the company’s stock after selling 1,807 shares during the quarter. Atria Investments Inc’s holdings in Celsius were worth $413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of Celsius during the first quarter valued at approximately $40,000. S.A. Mason LLC bought a new stake in shares of Celsius during the second quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TD Cowen cut their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. B. Riley cut their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group cut their target price 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. Finally, Stifel Nicolaus cut their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on 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 transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Celsius Stock Performance

CELH opened at $29.05 on Friday. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm’s fifty day moving average is $31.05 and its 200 day moving average is $48.48. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 3.13 and a beta of 1.86.

About Celsius

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.