Leavell Investment Management Inc. Sells 7,200 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Leavell Investment Management Inc. lessened its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,876 shares of the company’s stock after selling 7,200 shares during the period. Leavell Investment Management Inc.’s holdings in Celsius were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. lifted its stake in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the period. Blue Trust Inc. lifted its position in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after acquiring an additional 441 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Celsius by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock worth $248,000 after purchasing an additional 586 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in Celsius by 6.8% during the 4th quarter. Arkadios Wealth Advisors now owns 9,733 shares of the company’s stock worth $256,000 after purchasing an additional 622 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of research reports. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. UBS Group cut their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.56.

Celsius Stock Down 3.4 %

NASDAQ:CELH opened at $21.28 on Thursday. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62. The stock’s 50 day moving average price is $26.90 and its two-hundred day moving average price is $31.31. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 2.44 and a beta of 1.78.

Celsius 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.