Legacy Bridge LLC Sells 8,589 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Legacy Bridge LLC cut its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 52.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,932 shares of the company’s stock after selling 8,589 shares during the period. Legacy Bridge LLC’s holdings in Celsius were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Savoir Faire Capital Management L.P. increased its position in shares of Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after acquiring an additional 25,315 shares during the last quarter. Quest Partners LLC grew its stake in Celsius by 671.1% in the third quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock valued at $684,000 after purchasing an additional 18,985 shares in the last quarter. Dillon & Associates Inc. raised its stake in shares of Celsius by 72.2% during the 3rd quarter. Dillon & Associates Inc. now owns 76,607 shares of the company’s stock worth $2,375,000 after purchasing an additional 32,111 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Celsius during the 3rd quarter worth approximately $1,003,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Celsius by 21.8% in the 3rd quarter. GSA Capital Partners LLP now owns 28,136 shares of the company’s stock valued at $882,000 after buying an additional 5,038 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group dropped their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. LADENBURG THALM/SH SH reduced 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. Bank of America lowered their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.

Celsius Price Performance

Shares of NASDAQ CELH opened at $25.79 on Tuesday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 2.95 and a beta of 1.86. The stock’s fifty day moving average price is $31.41 and its two-hundred day moving average price is $49.31. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62.

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.