88,380 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 88,380 shares of the company's stock, valued at approximately $2,772,000.

A number of other institutional investors also recently modified their holdings of CELH. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC increased its stake in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock worth $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius during the 3rd quarter worth about $39,000. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were 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 directly owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CELH. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH cut their price objective on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, October 21st. Jefferies Financial Group cut their price target on shares of Celsius from $53.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Stifel Nicolaus cut their price target on shares of Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, B. Riley cut their price target on shares of Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.38.

Celsius Trading Up 8.5 %

NASDAQ CELH traded up $2.39 on Monday, hitting $30.56. 13,902,905 shares of the company were exchanged, compared to its average volume of 6,139,784. The company has a market cap of $7.18 billion, a PE ratio of 42.44, a PEG ratio of 3.25 and a beta of 1.76. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The stock has a fifty day moving average of $30.00 and a 200-day moving average of $42.78.

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.