Celsius Holdings Inc. (NASDAQ:CELH) Shares Bought by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management Inc. increased its stake in Celsius Holdings by 9.8% during the first quarter, acquiring an additional 9,502 shares to own a total of 105,970 shares valued at $3,775,000.
• CEO John Fieldly sold 132,171 shares at an average price of $43.06, representing a 10.15% decrease in his ownership, while major shareholder William H. Milmoe sold 300,000 shares, decreasing his position by 1.64%.
• Several analysts have upgraded their price targets for Celsius, with Truist Financial raising it from $50 to $55 and multiple firms assigning "buy" ratings, reflecting confidence in the company's outlook.

Thornburg Investment Management Inc. grew its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,970 shares of the company's stock after acquiring an additional 9,502 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Celsius were worth $3,775,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the first quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB grew its stake in Celsius by 255.1% during 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 in the last quarter. UMB Bank n.a. grew its stake in Celsius by 145.0% during 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 in the last quarter. Fifth Third Bancorp grew its stake in Celsius by 62.9% during 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 in the last quarter. Finally, Peterson Wealth Services acquired a new stake in Celsius during the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer owned 1,038,577 shares of the company's stock, valued at $46,735,965. The trade was a 11.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction on Monday, July 28th. The shares were sold at an average price of $47.00, for a total value of $4,700,000.00. Following the sale, the insider directly owned 17,917,770 shares in the company, valued at $842,135,190. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 762,974 shares of company stock valued at $35,158,418 in the last quarter. Corporate insiders own 2.55% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday. Piper Sandler raised their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Stifel Nicolaus lifted their target price on Celsius from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, TD Cowen upgraded Celsius from a "hold" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Celsius Stock Down 1.4%

Celsius stock traded down $0.62 during mid-day trading on Friday, hitting $44.72. 3,920,574 shares of the company's stock traded hands, compared to its average volume of 4,260,283. The firm has a 50 day moving average price of $43.50 and a 200 day moving average price of $35.39. The company has a market cap of $11.53 billion, a PE ratio of 139.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $48.47.

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

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.