Northwest & Ethical Investments L.P. Purchases Shares of 2,800 Celsius Holdings, Inc. (NASDAQ:CELH)

Northwest & Ethical Investments L.P. acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,800 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Contrarius Group Holdings Ltd purchased a new position in Celsius in the 4th quarter worth approximately $75,535,000. Thrivent Financial for Lutherans increased its stake in shares of Celsius by 105.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 75,415 shares of the company’s stock worth $1,986,000 after buying an additional 38,729 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in Celsius during the 4th quarter valued at $5,435,000. Gallacher Capital Management LLC grew its holdings in Celsius by 6.6% in the 4th quarter. Gallacher Capital Management LLC now owns 9,144 shares of the company’s stock worth $241,000 after acquiring an additional 565 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Celsius by 505.9% in the fourth quarter. Royce & Associates LP now owns 51,500 shares of the company’s stock valued at $1,357,000 after acquiring an additional 43,000 shares during the period. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CELH. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. B. Riley reissued a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Needham & Company LLC raised their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Jefferies Financial Group dropped their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Performance

NASDAQ:CELH opened at $32.93 on Friday. The firm has a market cap of $7.74 billion, a P/E ratio of 74.84, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The firm has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $28.72.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, equities research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

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.