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

Leavell Investment Management Inc. trimmed its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the third quarter worth about $34,000. Creative Planning grew its position in Celsius by 41.7% during the 3rd quarter. Creative Planning now owns 30,460 shares of the company’s stock worth $955,000 after acquiring an additional 8,966 shares during the last quarter. Swedbank AB increased its holdings in Celsius by 49.7% during the 3rd quarter. Swedbank AB now owns 11,507 shares of the company’s stock valued at $361,000 after purchasing an additional 3,818 shares in the last quarter. Vontobel Holding Ltd. raised its position in Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Celsius in the third quarter worth $72,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CELH shares. Roth Mkm cut their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. 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 target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.56.

Celsius Trading Down 3.4 %

NASDAQ:CELH opened at $21.28 on Thursday. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.44 and a beta of 1.78. The business’s 50-day moving average price is $26.90 and its two-hundred day moving average price is $31.31.

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.