SLT Holdings LLC Acquires 4,840 Shares of Celsius Holdings Inc. $CELH

SLT Holdings LLC lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,690 shares of the company’s stock after purchasing an additional 4,840 shares during the quarter. SLT Holdings LLC’s holdings in Celsius were worth $774,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Celsius in the first quarter worth $32,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the first quarter worth $34,000. UMB Bank n.a. increased its holdings in Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after buying an additional 844 shares during the last quarter. Fifth Third Bancorp increased its holdings in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after buying an additional 666 shares during the last quarter. Finally, Peterson Wealth Services acquired a new position in Celsius during the first quarter worth $66,000. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CELH. Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Piper Sandler boosted their target price on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Needham & Company LLC boosted their target price on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 5th. UBS Group boosted their target price on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley set a $70.00 target price on shares of Celsius in a report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider owned 37,550 shares of the company’s stock, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer directly owned 895,410 shares of the company’s stock, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,667 shares of company stock valued at $27,240,162 in the last 90 days. 2.55% of the stock is currently owned by corporate insiders.

Celsius Price Performance

NASDAQ:CELH opened at $60.70 on Friday. The firm’s fifty day moving average price is $56.89 and its two-hundred day moving average price is $45.89. The company has a market cap of $15.66 billion, a P/E ratio of 164.05, a P/E/G ratio of 1.33 and a beta of 1.38. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $64.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius’s quarterly revenue was up 83.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.