Investment Management Corp of Ontario Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Investment Management Corp of Ontario boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,520 shares of the company’s stock after buying an additional 2,798 shares during the period. Investment Management Corp of Ontario’s holdings in Celsius were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after purchasing an additional 26,801 shares during the last quarter. Bennett Selby Investments LP increased its position in shares of Celsius by 392.6% in the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock valued at $1,360,000 after acquiring an additional 41,161 shares during the period. Annex Advisory Services LLC acquired a new position in shares of Celsius in the 4th quarter valued at $1,165,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Celsius by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company’s stock valued at $587,000 after acquiring an additional 1,100 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group upped their target price on Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Stifel Nicolaus cut their target price on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Roth Mkm reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. B. Riley reissued a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Truist Financial raised Celsius from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.88.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $37.93 on Wednesday. The business’s 50-day moving average is $34.48 and its two-hundred day moving average is $29.75. The company has a market capitalization of $9.78 billion, a P/E ratio of 86.21, a P/E/G ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $329.28 million for the quarter, compared to analysts’ expectations of $349.09 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. Analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

About Celsius

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.