Federated Hermes Inc. Buys 214,398 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Federated Hermes Inc. has significantly increased its holdings in Celsius Holdings Inc. by 2,083.6%, owning 224,688 shares valued at around $8 million as of the latest SEC filing.
• Multiple large investors, including Alyeska Investment Group and FMR LLC, have also raised their stakes in Celsius, indicating a growing confidence in the company.
• Despite recent stock selling by insiders, analysts remain bullish, with several firms raising their price targets and consensus rating suggesting a "Moderate Buy."

Federated Hermes Inc. raised its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 2,083.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,688 shares of the company's stock after buying an additional 214,398 shares during the quarter. Federated Hermes Inc. owned 0.09% of Celsius worth $8,003,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management boosted its stake in Celsius by 12.0% during the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock worth $95,000 after buying an additional 287 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Celsius by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after acquiring an additional 301 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Celsius by 8.8% during the first quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock valued at $145,000 after acquiring an additional 328 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after acquiring an additional 338 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in shares of Celsius by 1.3% in the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock valued at $968,000 after buying an additional 344 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Up 1.0%

CELH traded up $0.46 during trading on Monday, hitting $45.18. 4,256,350 shares of the company traded hands, compared to its average volume of 8,118,115. The firm has a market cap of $11.64 billion, a P/E ratio of 141.19, a price-to-earnings-growth ratio of 1.58 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. The stock's fifty day moving average is $43.50 and its 200 day moving average is $35.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CELH shares. Stifel Nicolaus lifted their price target on Celsius from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Citigroup began coverage on Celsius in a research note on Wednesday, July 23rd. They set a "buy" rating and a $55.00 price objective on the stock. Truist Financial boosted their price objective on Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Roth Capital restated a "buy" rating and issued a $52.00 target price (up previously from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Finally, Piper Sandler boosted their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the sale, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares of the company's stock, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 862,974 shares of company stock worth $39,908,418. 2.20% of the stock is currently owned by corporate insiders.

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.