Bangor Savings Bank Has $617,000 Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Bangor Savings Bank lessened its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,428 shares of the company’s stock after selling 1,348 shares during the quarter. Bangor Savings Bank’s holdings in Celsius were worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. boosted its stake in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Celsius during the 3rd quarter worth approximately $2,772,000. Institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CELH. UBS Group cut their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group cut their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Celsius Trading Up 0.5 %

Shares of CELH opened at $28.93 on Tuesday. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The firm’s fifty day simple moving average is $28.59 and its two-hundred day simple moving average is $36.60. The stock has a market capitalization of $6.80 billion, a P/E ratio of 40.18, a price-to-earnings-growth ratio of 3.44 and a beta of 1.79.

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.