11,850 Shares in Celsius Holdings Inc. (NASDAQ:CELH) Acquired by SLT Holdings LLC

Key Points

• SLT Holdings LLC acquired 11,850 shares of Celsius Holdings Inc. (NASDAQ:CELH) valued at approximately $422,000 in the first quarter.
• Insider activity included CEO John Fieldly selling 132,171 shares, reducing his stake by 10.15%, while major shareholder William H. Milmoe sold 300,000 shares, decreasing his ownership by 1.64%.
• Analysts have a positive outlook on Celsius, with multiple firms, including Roth Capital and Citigroup, issuing "buy" ratings and raising target prices for the stock to between $52.00 and $55.00.

SLT Holdings LLC purchased a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,850 shares of the company's stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after acquiring an additional 345,837 shares during the period. Alliancebernstein L.P. grew its position in Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock worth $376,455,000 after purchasing an additional 1,444,020 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after buying an additional 2,591,345 shares during the last quarter. FMR LLC raised its stake in shares of Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after buying an additional 1,585,839 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in Celsius during the fourth quarter worth about $85,068,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity

In other news, CEO John Fieldly sold 132,171 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the transaction, the chief executive officer owned 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the transaction, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 562,974 shares of company stock worth $25,758,418. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CELH shares. Roth Capital reaffirmed a "buy" rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Citigroup initiated coverage on shares of Celsius in a research note on Wednesday, July 23rd. They set a "buy" rating and a $55.00 price objective on the stock. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price objective for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. JPMorgan Chase & Co. raised their price target on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.94.

Celsius Price Performance

Shares of Celsius stock opened at $46.96 on Tuesday. The stock has a market cap of $12.10 billion, a P/E ratio of 146.75, a P/E/G ratio of 1.65 and a beta of 1.45. The stock's 50 day simple moving average is $42.75 and its 200-day simple moving average is $34.97. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $48.64.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. As a group, research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal 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.

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