Raymond James Financial Services Advisors Inc. Reduces Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Raymond James Financial Services Advisors Inc. cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 56.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,322 shares of the company’s stock after selling 12,200 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Celsius were worth $840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CELH. BlackRock Inc. grew its holdings in shares of Celsius by 33.6% during the second quarter. BlackRock Inc. now owns 6,203,458 shares of the company’s stock valued at $472,022,000 after buying an additional 1,560,394 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Celsius by 57.2% during the second quarter. Vanguard Group Inc. now owns 3,275,956 shares of the company’s stock valued at $249,267,000 after buying an additional 1,191,768 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Celsius by 123.6% during the second quarter. Lord Abbett & CO. LLC now owns 645,516 shares of the company’s stock valued at $49,117,000 after buying an additional 356,817 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Celsius during the second quarter valued at $25,911,000. Finally, Marshall Wace LLP boosted its holdings in Celsius by 128.0% in the second quarter. Marshall Wace LLP now owns 571,863 shares of the company’s stock valued at $43,513,000 after purchasing an additional 321,071 shares during the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

CELH stock opened at $49.34 on Friday. The company’s 50-day simple moving average is $70.51 and its 200-day simple moving average is $77.04. Celsius Holdings, Inc. has a 52-week low of $41.05 and a 52-week high of $110.22. The firm has a market cap of $3.70 billion, a P/E ratio of 448.59 and a beta of 2.02.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, November 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Celsius had a return on equity of 6.00% and a net margin of 3.65%. The firm had revenue of $94.91 million for the quarter, compared to analysts’ expectations of $77.74 million. During the same period in the previous year, the company earned $0.06 earnings per share. On average, research analysts expect that Celsius Holdings, Inc. will post 0.14 EPS for the current year.

Several research firms have commented on CELH. Credit Suisse Group lowered shares of Celsius from an “outperform” rating to a “neutral” rating and upped their price target for the company from $82.00 to $103.00 in a report on Friday, November 12th. Zacks Investment Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a report on Friday, November 12th. B. Riley upped their price target on shares of Celsius from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, November 9th. UBS Group began coverage on shares of Celsius in a report on Thursday, December 2nd. They issued a “buy” rating on the stock. Finally, Roth Capital upped their price target on shares of Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Celsius has an average rating of “Buy” and a consensus target price of $108.67.

In related news, CEO John Fieldly sold 20,000 shares of the company’s stock in a transaction dated Monday, December 27th. The shares were sold at an average price of $75.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William H. Milmoe sold 26,048 shares of the company’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $72.04, for a total transaction of $1,876,497.92. The disclosure for this sale can be found here. 13.19% of the stock is owned by corporate insiders.

Celsius Company Profile

Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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