Eagle Asset Management Inc. Sells 440,030 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Eagle Asset Management Inc. lessened its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,070,180 shares of the company's stock after selling 440,030 shares during the quarter. Eagle Asset Management Inc. owned about 0.88% of Celsius worth $59,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Celsius by 231.2% in the 2nd 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. Capital Research Global Investors acquired a new position in shares of Celsius during the first quarter valued at $99,746,000. Bank of New York Mellon Corp boosted its holdings in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company's stock valued at $167,983,000 after acquiring an additional 790,014 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company's stock worth $56,531,000 after purchasing an additional 460,227 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new stake in Celsius during the 2nd quarter worth about $20,024,000. 60.95% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

Celsius Stock Up 1.9 %

Shares of NASDAQ CELH traded up $0.55 during mid-day trading on Friday, reaching $29.60. 3,519,095 shares of the company were exchanged, compared to its average volume of 6,042,494. The stock has a market capitalization of $6.96 billion, a P/E ratio of 40.35, a P/E/G ratio of 3.13 and a beta of 1.86. The company's 50-day simple moving average is $30.97 and its 200-day simple moving average is $48.34. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

Analyst Ratings Changes

Several equities research analysts have recently commented on CELH shares. Jefferies Financial Group lowered their price target 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. Bank of America dropped their target price on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating for the company in a research report on Thursday, September 5th. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. B. Riley dropped their price objective on Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. One investment 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 company presently has a consensus rating of "Moderate Buy" and an average price target 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.