Bangor Savings Bank Sells 1,348 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Bangor Savings Bank decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,428 shares of the company’s stock after selling 1,348 shares during the quarter. Bangor Savings Bank’s holdings in Celsius were worth $617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. boosted its position in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Vontobel Holding Ltd. grew its position in Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the period. Finally, iA Global Asset Management Inc. purchased a new position in Celsius in the third quarter valued at approximately $2,772,000. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Celsius

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

Analyst Ratings Changes

A number of research firms have issued reports on CELH. LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Stifel Nicolaus dropped their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Trading Up 0.5 %

CELH stock opened at $28.93 on Tuesday. The firm’s 50-day moving average price is $28.59 and its two-hundred day moving average price is $36.60. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 3.44 and a beta of 1.79. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month 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.