Aigen Investment Management LP Makes New $1 Million Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Aigen Investment Management LP acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,986 shares of the company's stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. S.A. Mason LLC purchased a new position in shares of Celsius during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius in the 3rd quarter worth approximately $34,000. Signaturefd LLC raised its holdings in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after acquiring an additional 505 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Roth Mkm decreased their price objective on shares of Celsius from $43.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, November 7th. B. Riley decreased their price objective 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. UBS Group decreased their price objective on shares of Celsius from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. TD Cowen decreased their price objective on shares of Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial lifted their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $54.40.

Celsius Stock Performance

Shares of CELH stock traded up $0.08 during mid-day trading on Wednesday, reaching $27.04. 9,595,952 shares of the company's stock traded hands, compared to its average volume of 6,017,509. Celsius Holdings, Inc. has a 12 month low of $25.77 and a 12 month high of $99.62. The firm has a 50 day moving average price of $31.75 and a two-hundred day moving average price of $50.28. The firm has a market capitalization of $6.36 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 3.06 and a beta of 1.86.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the company'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 completion of the transaction, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company's stock.

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.