The Manufacturers Life Insurance Company Purchases 4,075 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

The Manufacturers Life Insurance Company raised its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,696 shares of the company’s stock after buying an additional 4,075 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Celsius worth $7,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares during the last quarter. Capital International Investors raised its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares during the last quarter. Wellington Management Group LLP boosted its stake in Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after buying an additional 2,306,598 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CELH has been the subject of a number of research reports. BNP Paribas began coverage on shares of Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price for the company. Maxim Group dropped their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Wedbush decreased their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Stifel Nicolaus dropped their price target on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Truist Financial reduced their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.29.

Insider Buying and Selling at Celsius

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

Celsius Price Performance

Shares of CELH stock opened at $30.25 on Friday. The stock has a market capitalization of $7.05 billion, a PE ratio of 33.24, a PEG ratio of 2.45 and a beta of 1.84. The business’s 50 day simple moving average is $36.78 and its 200 day simple moving average is $59.66. Celsius Holdings, Inc. has a one year low of $29.65 and a one year high of $99.62.

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