Caisse DE Depot ET Placement DU Quebec Purchases 115,940 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 27.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 537,134 shares of the company’s stock after acquiring an additional 115,940 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Celsius were worth $16,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after purchasing an additional 249 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after acquiring an additional 289 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after acquiring an additional 289 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after acquiring an additional 337 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CELH shares. TD Cowen lowered their target price on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. B. Riley lowered their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Roth Mkm lowered their price target on Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Maxim Group lowered their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius 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 completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Up 0.3 %

Shares of Celsius stock opened at $28.45 on Monday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 3.27 and a beta of 1.86. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The business has a 50-day moving average price of $30.35 and a 200-day moving average price of $45.52.

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.