Principal Financial Group Inc. Has $12.57 Million Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Principal Financial Group Inc. trimmed its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 21.6% in the third quarter, HoldingsChannel.com reports. The firm owned 400,808 shares of the company’s stock after selling 110,446 shares during the period. Principal Financial Group Inc.’s holdings in Celsius were worth $12,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in Celsius in the 1st quarter valued at $395,000. QRG Capital Management Inc. bought a new stake in Celsius in the first quarter valued at about $239,000. Entropy Technologies LP acquired a new position in Celsius in the first quarter worth about $332,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Celsius by 19.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,327 shares of the company’s stock worth $6,909,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Celsius during the first quarter worth about $396,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Down 4.7 %

Shares of NASDAQ CELH opened at $25.66 on Friday. Celsius Holdings, Inc. has a 1-year low of $25.50 and a 1-year high of $99.62. The company has a 50-day moving average of $31.41 and a two-hundred day moving average of $49.62. The company has a market cap of $6.03 billion, a PE ratio of 35.64, a P/E/G ratio of 3.07 and a beta of 1.86.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley lowered their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group lowered their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Maxim Group cut their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Bank of America lowered 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. Finally, TD Cowen cut their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

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.