Atria Wealth Solutions Inc. Buys 23,282 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Atria Wealth Solutions Inc. increased its stake in Celsius Holdings Inc. by **102.0%**, acquiring an additional 23,282 shares, bringing their total holdings to 46,105 shares valued at approximately **$1,642,000**.
• Celsius reported an **EPS of $0.47**, significantly above the consensus estimate of $0.23, with quarterly revenue of **$739.30 million**, up **83.9%** compared to the previous year.
• Institutional investors collectively own **60.95%** of Celsius's stock, indicating strong institutional interest and confidence in the company's growth potential.

Atria Wealth Solutions Inc. grew its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 102.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,105 shares of the company's stock after buying an additional 23,282 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Celsius were worth $1,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in shares of Celsius in the 1st quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares during the period. UMB Bank n.a. raised its holdings in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after purchasing an additional 844 shares during the period. Fifth Third Bancorp raised its holdings in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares during the period. Finally, Peterson Wealth Services bought a new stake in shares of Celsius in the 1st quarter valued at about $66,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CELH. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. UBS Group increased their price target on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a report on Friday. Needham & Company LLC increased their price target on shares of Celsius from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Bank of America increased their price target on shares of Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a report on Friday. Finally, Stephens reissued an "overweight" rating on shares of Celsius in a report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Price Performance

Shares of NASDAQ CELH traded up $0.72 during trading hours on Tuesday, hitting $54.72. 10,569,151 shares of the stock were exchanged, compared to its average volume of 6,874,568. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The company has a market cap of $14.12 billion, a PE ratio of 68.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.40. The company's fifty day simple moving average is $45.14 and its two-hundred day simple moving average is $36.53. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $55.87.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm's revenue for the quarter was up 83.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. On average, sell-side analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity

In related news, CEO John Fieldly sold 143,167 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,111,141 shares of company stock worth $52,241,605. Insiders own 2.20% of the company's stock.

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.