Bank of Montreal Can Purchases 39,671 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Bank of Montreal Can boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 146.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,748 shares of the company’s stock after acquiring an additional 39,671 shares during the period. Bank of Montreal Can’s holdings in Celsius were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CELH. Bedell Frazier Investment Counselling LLC lifted its stake in Celsius by 24.7% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 43,581 shares of the company’s stock valued at $1,367,000 after buying an additional 8,646 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Celsius by 4.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 20,556 shares of the company’s stock worth $644,000 after purchasing an additional 800 shares during the period. Swedbank AB boosted its stake in Celsius by 49.7% in the 3rd quarter. Swedbank AB now owns 11,507 shares of the company’s stock worth $361,000 after purchasing an additional 3,818 shares during the period. Pitcairn Co. bought a new position in Celsius during the 3rd quarter worth about $256,000. Finally, Algert Global LLC raised its stake in shares of Celsius by 398.9% in the 3rd quarter. Algert Global LLC now owns 18,260 shares of the company’s stock valued at $573,000 after purchasing an additional 14,600 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Celsius Stock Down 3.7 %

CELH opened at $27.89 on Friday. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The business has a 50 day moving average of $30.10 and a 200-day moving average of $44.40. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 3.34 and a beta of 1.76.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CELH shares. LADENBURG THALM/SH SH decreased their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Roth Mkm decreased their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. UBS Group cut their price objective 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. Maxim Group decreased their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $54.40.

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.