Celsius Holdings, Inc. (NASDAQ:CELH) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,894 shares of the company’s stock after buying an additional 1,467 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Celsius worth $3,448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Celsius by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after purchasing an additional 345,837 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after acquiring an additional 1,444,020 shares in the last quarter. FMR LLC grew its position in Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after acquiring an additional 1,585,839 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Celsius in the fourth quarter valued at approximately $85,068,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in Celsius during the 4th quarter worth approximately $75,535,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CELH shares. LADENBURG THALM/SH SH lowered their target price on Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Truist Financial upgraded shares of Celsius from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. B. Riley reiterated a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler raised their price objective on shares of Celsius from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on Celsius from $39.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $46.88.

Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction 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 transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.55% of the stock is owned by corporate insiders.

Celsius Stock Performance

Shares of Celsius stock opened at $36.76 on Friday. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The company has a market cap of $9.47 billion, a P/E ratio of 83.55, a PEG ratio of 2.90 and a beta of 1.65. The firm has a fifty day moving average of $34.00 and a two-hundred day moving average of $29.67.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Celsius’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, equities analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

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.