Bridgewater Associates LP Cuts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Bridgewater Associates LP lowered its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 26.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,091 shares of the company’s stock after selling 16,619 shares during the period. Bridgewater Associates LP’s holdings in Celsius were worth $1,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cynosure Group LLC lifted its position in Celsius by 78.8% in the third quarter. Cynosure Group LLC now owns 22,034 shares of the company’s stock valued at $691,000 after purchasing an additional 9,710 shares during the last quarter. Townsquare Capital LLC bought a new stake in Celsius in the third quarter valued at approximately $494,000. BNP Paribas Financial Markets lifted its position in Celsius by 35.0% in the third quarter. BNP Paribas Financial Markets now owns 181,821 shares of the company’s stock valued at $5,702,000 after purchasing an additional 47,138 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Celsius by 5.5% in the third quarter. The Manufacturers Life Insurance Company now owns 129,427 shares of the company’s stock valued at $4,059,000 after purchasing an additional 6,731 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in Celsius in the third quarter valued at approximately $779,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 0.3 %

NASDAQ CELH opened at $28.45 on Monday. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The stock has a market cap of $6.69 billion, a P/E ratio of 39.51, a P/E/G ratio of 3.27 and a beta of 1.86. The stock’s fifty day moving average price is $30.35 and its 200-day moving average price is $45.52.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. B. Riley decreased their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Piper Sandler decreased their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus target price of $54.40.

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.