Northwest & Ethical Investments L.P. Purchases New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

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

Several other institutional investors have also recently made changes to their positions in CELH. HM Payson & Co. boosted its holdings in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. S.A. Mason LLC boosted its stake in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares in the last quarter. Blue Trust Inc. increased its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after acquiring an additional 441 shares during the last quarter. Finally, Knuff & Co LLC bought a new stake in Celsius during the fourth quarter worth $50,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CELH shares. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Roth Mkm reissued a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Transactions at Celsius

In other Celsius 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 value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Celsius Trading Up 5.4 %

Shares of NASDAQ:CELH opened at $32.93 on Friday. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The stock 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. The company has a 50 day moving average of $26.11 and a 200 day moving average of $28.72.

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

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.