CANADA LIFE ASSURANCE Co Has $2.62 Million Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

CANADA LIFE ASSURANCE Co lowered its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,340 shares of the company's stock after selling 25,968 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Celsius were worth $2,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock worth $1,151,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after purchasing an additional 459 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Celsius by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after purchasing an additional 490 shares in the last quarter. Finally, Apriem Advisors lifted its position in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Celsius Trading Down 1.3 %

Shares of CELH stock traded down $0.47 during trading hours on Tuesday, hitting $35.46. 7,310,618 shares of the company were exchanged, compared to its average volume of 7,812,160. The company has a market capitalization of $9.14 billion, a PE ratio of 80.59, a PEG ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The business has a 50 day moving average of $32.59 and a two-hundred day moving average of $29.50.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CELH. Stifel Nicolaus reduced their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Piper Sandler increased 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. UBS Group increased their price objective on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, April 17th. TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Truist Financial upgraded shares of Celsius from a "hold" rating to a "buy" rating and increased their price objective for the company from $35.00 to $45.00 in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.47.

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.