Alberta Investment Management Corp Acquires Shares of 85,040 Celsius Holdings, Inc. (NASDAQ:CELH)

Alberta Investment Management Corp bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, HoldingsChannel.com reports. The firm bought 85,040 shares of the company’s stock, valued at approximately $2,240,000.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares during the last quarter. Activest Wealth Management bought a new position in shares of Celsius in the third quarter worth about $39,000. Blue Trust Inc. boosted its stake in shares of Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Trading Up 27.8 %

CELH opened at $32.62 on Friday. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a market cap of $7.67 billion, a PE ratio of 45.31, a price-to-earnings-growth ratio of 2.96 and a beta of 1.78. The company has a 50 day moving average of $26.00 and a 200 day moving average of $30.43.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 59.40% and a net margin of 15.61%. The firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Research analysts forecast that Celsius Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on CELH shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target for the company. Stifel Nicolaus reduced their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. B. Riley reissued a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

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.