CANADA LIFE ASSURANCE Co Has $12.19 Million Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

CANADA LIFE ASSURANCE Co boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 55.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,071 shares of the company’s stock after acquiring an additional 52,238 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Celsius were worth $12,186,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. HAP Trading LLC lifted its holdings in Celsius by 106.6% during the first quarter. HAP Trading LLC now owns 12,165 shares of the company’s stock worth $1,009,000 after acquiring an additional 197,716 shares during the period. UniSuper Management Pty Ltd boosted its stake in Celsius by 90.9% in the first quarter. UniSuper Management Pty Ltd now owns 2,100 shares of the company’s stock valued at $174,000 after acquiring an additional 1,000 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Celsius in the 1st quarter worth approximately $563,000. Covestor Ltd grew its holdings in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Finally, Cynosure Group LLC purchased a new stake in Celsius in the first quarter worth $568,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Up 3.1 %

NASDAQ:CELH traded up $1.40 during trading hours on Thursday, hitting $47.04. 3,758,457 shares of the stock traded hands, compared to its average volume of 5,110,760. The stock has a 50 day moving average price of $66.51 and a 200 day moving average price of $70.31. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 50.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.90. Celsius Holdings, Inc. has a 1 year low of $44.81 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. Equities analysts forecast that Celsius Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CELH. Wedbush decreased their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Bank of America lowered their price target on shares of Celsius from $84.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. B. Riley cut their price target on Celsius from $110.00 to $80.00 and set a “buy” rating for the company in a report on Monday. UBS Group dropped their price objective on Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Jefferies Financial Group lowered their target price on Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a research note on Monday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.51.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,772,617 shares of company stock worth $107,637,044 in the last three months. 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.