Fiduciary Alliance LLC Sells 2,250 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Fiduciary Alliance LLC trimmed its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,134 shares of the company’s stock after selling 2,250 shares during the quarter. Fiduciary Alliance LLC’s holdings in Celsius were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CELH. State Street Corp grew its position in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after acquiring an additional 165,329 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after purchasing an additional 2,754,722 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after buying an additional 104,896 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after buying an additional 1,072,859 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CELH shares. B. Riley lowered their price objective 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 lowered their price target 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. UBS Group reduced their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Truist Financial lifted their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price target on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was 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 approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Down 1.0 %

CELH opened at $26.87 on Wednesday. The stock has a market cap of $6.32 billion, a P/E ratio of 37.32, a P/E/G ratio of 3.67 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. The company has a fifty day simple moving average of $28.23 and a 200 day simple moving average of $35.33.

Celsius Company 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.