Celsius Holdings Inc. $CELH Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp reduced its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 50.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,230 shares of the company’s stock after selling 30,562 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Celsius were worth $1,402,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd acquired a new position in Celsius during the 1st quarter worth approximately $1,275,000. Avantax Advisory Services Inc. raised its holdings in shares of Celsius by 74.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,227 shares of the company’s stock valued at $507,000 after purchasing an additional 6,071 shares in the last quarter. US Bancorp DE lifted its position in shares of Celsius by 13.1% during the 1st quarter. US Bancorp DE now owns 12,922 shares of the company’s stock worth $460,000 after purchasing an additional 1,498 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Celsius by 22.2% during the first quarter. PNC Financial Services Group Inc. now owns 10,829 shares of the company’s stock worth $386,000 after purchasing an additional 1,970 shares in the last quarter. Finally, American Assets Investment Management LLC increased its holdings in Celsius by 25.0% in the first quarter. American Assets Investment Management LLC now owns 50,000 shares of the company’s stock valued at $1,781,000 after buying an additional 10,000 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer directly owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the transaction, the insider owned 221,245 shares of the company’s stock, valued at $13,827,812.50. This trade represents a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by company insiders.

Celsius Price Performance

Shares of NASDAQ CELH opened at $40.83 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The firm has a market capitalization of $10.53 billion, a P/E ratio of 408.30, a PEG ratio of 0.79 and a beta of 1.01. The company’s fifty day moving average is $53.23 and its two-hundred day moving average is $50.07.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The firm had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. The business’s revenue for the quarter was up 172.9% compared to the same quarter last year. Analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Truist Financial raised their price objective on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Jefferies Financial Group set a $72.00 target price on shares of Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. UBS Group set a $65.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Maxim Group raised their price objective on Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

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.