Vestcor Inc Sells 4,300 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Vestcor Inc lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 55.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,427 shares of the company’s stock after selling 4,300 shares during the quarter. Vestcor Inc’s holdings in Celsius were worth $107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the 3rd quarter valued at about $34,000. Signaturefd LLC raised its stake 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 in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management bought a new position in shares of Celsius during the 3rd quarter valued at $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Roth Mkm lowered their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Truist Financial increased their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Bank of America cut their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.28.

Celsius Price Performance

CELH stock opened at $31.79 on Friday. 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 moving average of $30.02 and a 200 day moving average of $42.17. The company has a market cap of $7.47 billion, a P/E ratio of 44.15, a PEG ratio of 3.44 and a beta of 1.76.

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.