Amalgamated Bank Sells 1,062 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Amalgamated Bank lessened its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,067 shares of the company’s stock after selling 1,062 shares during the period. Amalgamated Bank’s holdings in Celsius were worth $2,448,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in shares of Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. Moody National Bank Trust Division lifted its stake in shares of Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after buying an additional 181 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares during the last quarter. Tidal Investments LLC lifted its position in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Celsius by 4.1% during the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Down 5.2 %

NASDAQ CELH opened at $27.39 on Tuesday. Celsius Holdings, Inc. has a 12 month low of $27.37 and a 12 month high of $99.62. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.52 and a beta of 1.86. The company’s 50 day moving average is $32.15 and its two-hundred day moving average is $50.92.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Roth Mkm dropped their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Truist Financial lifted their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Finally, Bank of America dropped their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

About Celsius

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.