Fifth Third Wealth Advisors LLC Acquires New Shares in Celsius Holdings Inc. $CELH

Key Points

• Fifth Third Wealth Advisors LLC recently acquired nearly 5,000 shares of Celsius Holdings Inc. valued at approximately $229,000 as part of their investment strategy in the second quarter.
• Several institutional investors, including Spire Wealth Management and TD Private Client Wealth LLC, have also increased their stakes in Celsius, indicating growing interest in the company.
• Celsius reported a significant earnings increase, with $0.47 EPS for the last quarter, surpassing estimates by $0.24, fueled by an 83.9% revenue increase year-over-year.

Fifth Third Wealth Advisors LLC acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,933 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Spire Wealth Management lifted its stake in shares of Celsius by 12.0% in the 1st quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after purchasing an additional 287 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Celsius by 8.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock valued at $145,000 after purchasing an additional 328 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Celsius by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after purchasing an additional 338 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of Celsius by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 11,400 shares of the company's stock valued at $406,000 after purchasing an additional 344 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Celsius by 24.7% in the 2nd quarter. UMB Bank n.a. now owns 1,778 shares of the company's stock valued at $82,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CELH shares. Piper Sandler lifted their price objective on shares of Celsius from $60.00 to $69.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. The Goldman Sachs Group initiated coverage on shares of Celsius in a report on Thursday, September 11th. They issued a "buy" rating and a $72.00 target price on the stock. UBS Group lifted 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. Jefferies Financial Group set a $72.00 target price on shares of Celsius and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.15.

Insider Activity at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,667 shares of company stock worth $27,240,162. Insiders own 2.20% of the company's stock.

Celsius Stock Performance

NASDAQ:CELH opened at $61.86 on Wednesday. The firm's 50-day moving average is $57.59 and its 200-day moving average is $46.35. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $64.81. 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 $15.96 billion, a price-to-earnings ratio of 167.19, a PEG ratio of 1.23 and a beta of 1.38.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data 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. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business's revenue was up 83.9% compared to the same quarter last year. Equities research analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.