Alberta Investment Management Corp Invests $2.24 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Alberta Investment Management Corp acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 85,040 shares of the company's stock, valued at approximately $2,240,000.

Several other hedge funds also recently bought and sold shares of CELH. State Street Corp raised its stake in Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company's stock worth $166,860,000 after purchasing an additional 165,329 shares during the period. Geode Capital Management LLC raised its stake in Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock worth $93,928,000 after acquiring an additional 104,896 shares during the period. SG Americas Securities LLC boosted its position in Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock valued at $50,910,000 after purchasing an additional 1,914,264 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock worth $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $32.62 on Friday. The company has a 50-day simple moving average of $26.00 and a 200 day simple moving average of $30.43. The company has a market capitalization of $7.67 billion, a P/E ratio of 45.31, a price-to-earnings-growth ratio of 2.96 and a beta of 1.78. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $326.07 million. As a group, equities analysts forecast that Celsius Holdings, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. Stifel Nicolaus reduced their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Needham & Company LLC restated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target for the company. 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.67.

Celsius 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.

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