Principal Financial Group Inc. Sells 110,446 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Principal Financial Group Inc. lessened its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 400,808 shares of the company’s stock after selling 110,446 shares during the period. Principal Financial Group Inc.’s holdings in Celsius were worth $12,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius during the 3rd quarter valued at $34,000. Signaturefd LLC boosted its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Celsius by 3,150.0% during the 2nd 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 during the period. Finally, Activest Wealth Management purchased a new stake in shares of Celsius during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

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

Analyst Ratings Changes

Several brokerages recently issued reports on CELH. B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Maxim Group dropped 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. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday. LADENBURG THALM/SH SH cut their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, UBS Group lowered their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average price target of $50.28.

Celsius Trading Down 4.4 %

NASDAQ:CELH opened at $26.46 on Friday. The stock has a 50-day moving average price of $29.11 and a 200 day moving average price of $38.22. The stock has a market capitalization of $6.22 billion, a P/E ratio of 36.75, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month 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.