Leavell Investment Management Inc. Reduces Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Leavell Investment Management Inc. trimmed its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,076 shares of the company's stock after selling 25,766 shares during the quarter. Leavell Investment Management Inc.'s holdings in Celsius were worth $2,198,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. increased its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company's stock worth $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Celsius during the second quarter worth approximately $20,024,000. LRI Investments LLC purchased a new stake in Celsius in the 1st quarter valued at $134,000. Cetera Investment Advisers grew its holdings in Celsius by 189.3% in the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company's stock valued at $10,646,000 after buying an additional 122,011 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Celsius in the 1st quarter valued at $563,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CELH. Stifel Nicolaus dropped their target price on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday. TD Cowen lowered their price target on Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. LADENBURG THALM/SH SH lowered their price target on Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, October 21st. Truist Financial increased their price target on Celsius from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, Roth Mkm lowered their price target on Celsius from $43.00 to $40.00 and set a "buy" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.40.

Celsius Stock Performance

CELH stock traded down $1.11 during mid-day trading on Friday, reaching $28.90. The company had a trading volume of 7,787,537 shares, compared to its average volume of 10,767,663. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 40.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86. The firm has a fifty day simple moving average of $32.15 and a 200 day simple moving average of $51.06. Celsius Holdings, Inc. has a fifty-two week low of $27.78 and a fifty-two week high of $99.62.

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.