CANADA LIFE ASSURANCE Co Sells 25,968 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

CANADA LIFE ASSURANCE Co lessened its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,340 shares of the company's stock after selling 25,968 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Celsius were worth $2,616,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC boosted its holdings in Celsius by 100.0% during the fourth 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. raised its holdings in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares in the last quarter. Finally, Knuff & Co LLC acquired a new stake in Celsius in the 4th quarter valued at $50,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CELH has been the topic of a number of recent analyst reports. Roth Mkm reissued a "buy" rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price objective for the company from $35.00 to $45.00 in a research note on Monday, March 31st. B. Riley reissued a "buy" rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Piper Sandler increased their price target on Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, April 17th. Finally, TD Cowen cut 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. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $46.47.

Insider Activity

In related news, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, 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. Company insiders own 2.20% of the company's stock.

Celsius Stock Performance

NASDAQ:CELH traded up $0.08 during trading hours on Thursday, reaching $35.04. The stock had a trading volume of 2,758,792 shares, compared to its average volume of 7,799,518. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The stock has a 50 day simple moving average of $32.84 and a 200 day simple moving average of $29.58. The stock has a market cap of $9.03 billion, a P/E ratio of 79.65, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58.

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

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.