Van ECK Associates Corp Acquires 18,456 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Van ECK Associates Corp increased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 169.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,324 shares of the company's stock after purchasing an additional 18,456 shares during the quarter. Van ECK Associates Corp's holdings in Celsius were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CELH. Janney Montgomery Scott LLC acquired a new stake in Celsius in the third quarter worth about $984,000. Diversify Wealth Management LLC boosted its stake in shares of Celsius by 70.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 49,381 shares of the company's stock valued at $1,504,000 after purchasing an additional 20,486 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Celsius by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 181,478 shares of the company's stock worth $5,691,000 after buying an additional 668 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Celsius by 12.7% during the third quarter. State of Alaska Department of Revenue now owns 18,134 shares of the company's stock worth $568,000 after buying an additional 2,050 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Celsius by 95.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 77,696 shares of the company's stock valued at $2,437,000 after buying an additional 37,962 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group dropped their target price on shares of Celsius from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Maxim Group dropped their price objective on Celsius from $65.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Stifel Nicolaus reduced their target price on Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. TD Cowen lowered their price target on Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Finally, B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.40.

Celsius Price Performance

Shares of CELH traded down $1.38 during mid-day trading on Tuesday, hitting $26.01. 5,912,557 shares of the company's stock were exchanged, compared to its average volume of 5,968,861. The company has a 50-day simple moving average of $31.94 and a 200 day simple moving average of $50.61. The company has a market cap of $6.11 billion, a PE ratio of 38.04, a P/E/G ratio of 2.52 and a beta of 1.86. Celsius Holdings, Inc. has a 52 week low of $25.89 and a 52 week high of $99.62.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm's 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 $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

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.