Desjardins Global Asset Management Inc. Acquires New Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Desjardins Global Asset Management Inc. acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,018 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Canton Hathaway LLC lifted its stake in shares of Celsius by 700.0% in the fourth quarter. Canton Hathaway LLC now owns 4,000 shares of the company’s stock valued at $218,000 after purchasing an additional 3,500 shares during the period. Strs Ohio raised its position in Celsius by 249.1% during the fourth quarter. Strs Ohio now owns 275,264 shares of the company’s stock worth $15,007,000 after acquiring an additional 196,410 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Celsius during the fourth quarter worth about $18,676,000. Louisiana State Employees Retirement System acquired a new position in Celsius during the fourth quarter worth about $2,268,000. Finally, Simplicity Solutions LLC raised its position in Celsius by 29.3% during the fourth quarter. Simplicity Solutions LLC now owns 18,342 shares of the company’s stock worth $1,000,000 after acquiring an additional 4,151 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insiders Place Their Bets

In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the sale, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the sale, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder William H. Milmoe sold 129,658 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $47.49, for a total transaction of $6,157,458.42. Following the sale, the insider now owns 31,413,662 shares of the company’s stock, valued at $1,491,834,808.38. The disclosure for this sale can be found here. Insiders sold a total of 1,038,400 shares of company stock worth $60,947,637 over the last ninety days. 2.70% of the stock is owned by company insiders.

Celsius Stock Performance

Celsius stock opened at $68.84 on Friday. Celsius Holdings, Inc. has a 1 year low of $29.42 and a 1 year high of $99.62. The firm has a 50 day moving average price of $78.80 and a 200 day moving average price of $64.14. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 89.40, a PEG ratio of 2.07 and a beta of 1.86.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Celsius’s revenue was up 95.2% compared to the same quarter last year. Sell-side analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CELH shares. Roth Mkm lifted their target price on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Maxim Group lifted their target price on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. UBS Group lifted their target price on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus boosted their price objective on shares of Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Piper Sandler boosted their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.10.

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.