BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 63.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,026 shares of the company’s stock after purchasing an additional 11,258 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Celsius were worth $1,657,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in shares of Celsius during the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC bought a new stake in Celsius in the 1st quarter worth $25,000. S.A. Mason LLC purchased a new position in Celsius during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares during the last quarter. Finally, Rise Advisors LLC increased its position in Celsius by 1,370.0% during the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price for the company. Roth Mkm decreased their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday. Wedbush lowered their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Finally, Maxim Group cut their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $57.29.

Celsius Stock Performance

CELH stock opened at $32.53 on Monday. The company has a market capitalization of $7.58 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85. Celsius Holdings, Inc. has a one year low of $30.86 and a one year high of $99.62. The company’s fifty day moving average price is $38.43 and its 200-day moving average price is $61.80.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, research analysts predict that Celsius Holdings, Inc. will post 0.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

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.