Teachers Retirement System of The State of Kentucky Sells 1,300 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Teachers Retirement System of The State of Kentucky decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,297 shares of the company’s stock after selling 1,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Celsius were worth $1,420,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius in the 3rd quarter worth approximately $34,000. Signaturefd LLC boosted its position 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 last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in Celsius in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ CELH opened at $29.24 on Wednesday. Celsius Holdings, Inc. has a 1 year low of $25.23 and a 1 year high of $99.62. The firm has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $40.47. The company has a market cap of $6.87 billion, a P/E ratio of 40.61, a PEG ratio of 3.44 and a beta of 1.76.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CELH. Maxim Group reduced their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. assumed coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. UBS Group lowered their target price on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Finally, Needham & Company LLC assumed coverage on shares of Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

Insider Buying and Selling

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 stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Celsius Company 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.