Healthcare of Ontario Pension Plan Trust Fund Purchases New Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,167 shares of the company’s stock, valued at approximately $695,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in shares of Celsius in the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC bought a new position in Celsius in the 1st quarter valued at approximately $25,000. S.A. Mason LLC acquired a new stake in Celsius during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after acquiring an additional 374 shares during the last quarter. Finally, Rise Advisors LLC increased its position in Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. BNP Paribas initiated coverage on Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target for the company. Maxim Group decreased their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Piper Sandler decreased their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Finally, Bank of America dropped their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $57.29.

Celsius Trading Down 0.3 %

Celsius stock opened at $28.74 on Wednesday. The firm’s fifty day moving average price is $36.07 and its two-hundred day moving average price is $58.56. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.45 and a beta of 1.84. Celsius Holdings, Inc. has a 1-year low of $28.20 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.82 EPS for the current year.

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.