Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 573.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,203 shares of the company’s stock after buying an additional 126,203 shares during the period. Celsius makes up about 3.3% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 6th biggest position. Savoir Faire Capital Management L.P. owned approximately 0.06% of Celsius worth $8,461,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CELH. Precision Wealth Strategies LLC grew its holdings in shares of Celsius by 199.3% during the 4th quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock valued at $327,000 after acquiring an additional 3,998 shares in the last quarter. Principal Securities Inc. acquired a new position in Celsius in the 4th quarter valued at $146,000. Teacher Retirement System of Texas raised its holdings in Celsius by 4.2% in the 4th quarter. Teacher Retirement System of Texas now owns 6,885 shares of the company’s stock worth $375,000 after acquiring an additional 280 shares during the period. Dimensional Fund Advisors LP lifted its position in Celsius by 215.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after acquiring an additional 332,980 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Celsius by 278,008.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,527 shares of the company’s stock valued at $3,849,000 after acquiring an additional 69,502 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 1.5 %

CELH stock opened at $33.18 on Tuesday. The firm has a market cap of $7.73 billion, a P/E ratio of 36.46, a P/E/G ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62. The business’s 50 day moving average is $42.25 and its 200-day moving average is $65.05.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. Sell-side analysts forecast that Celsius Holdings, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

CELH has been the subject of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Stifel Nicolaus dropped their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Maxim Group reduced their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Truist Financial dropped their price objective on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Finally, Roth Mkm decreased their target price on Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.64.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

About Celsius

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.