Braun Stacey Associates Inc. Sells 211,606 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Braun Stacey Associates Inc. cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 307,828 shares of the company's stock after selling 211,606 shares during the period. Braun Stacey Associates Inc. owned 0.13% of Celsius worth $9,653,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company's stock valued at $92,000 after buying an additional 127 shares during the last quarter. Moody National Bank Trust Division lifted its stake in Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company's stock valued at $977,000 after acquiring an additional 181 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company's stock worth $500,000 after purchasing an additional 249 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company's stock valued at $414,000 after purchasing an additional 289 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company's stock valued at $147,000 after purchasing an additional 289 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Maxim Group lowered their price target on Celsius from $65.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. TD Cowen decreased their target price on Celsius from $68.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus cut their price target on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. B. Riley decreased their price objective 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. Finally, UBS Group cut their target price on shares of Celsius from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.40.

Celsius Stock Down 1.0 %

Shares of NASDAQ:CELH traded down $0.25 during midday trading on Monday, hitting $25.41. The stock had a trading volume of 4,327,022 shares, compared to its average volume of 6,024,889. The company has a market capitalization of $5.97 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86. The company's 50-day moving average price is $31.41 and its 200-day moving average price is $49.31. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company's stock.

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.