Index Fund Advisors Inc. Takes $653,000 Position in Celsius Holdings Inc. $CELH

Key Points

• Index Fund Advisors Inc. has acquired a new position in Celsius Holdings Inc., purchasing 14,068 shares valued at approximately $653,000.
• In its latest quarterly earnings, Celsius reported $0.47 earnings per share, significantly exceeding analysts' expectations of $0.23, alongside a revenue increase of 83.9% year-over-year.
• Insider trading activity includes CEO John Fieldly selling 143,167 shares at an average price of $51.18, reflecting a 13.78% decrease in their ownership position.

Index Fund Advisors Inc. bought a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,068 shares of the company's stock, valued at approximately $653,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Celsius by 12.0% in the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock worth $95,000 after purchasing an additional 287 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in shares of Celsius by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after buying an additional 301 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Celsius by 8.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock worth $145,000 after buying an additional 328 shares during the period. GAMMA Investing LLC increased its stake in Celsius by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock worth $73,000 after buying an additional 338 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in Celsius by 3.1% during the first quarter. Hancock Whitney Corp now owns 11,400 shares of the company's stock valued at $406,000 after acquiring an additional 344 shares during the period. Institutional investors own 60.95% of the company's stock.

Celsius Trading Down 5.5%

CELH stock opened at $60.70 on Monday. The firm has a fifty day moving average price of $56.89 and a 200 day moving average price of $46.04. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.81. The firm has a market cap of $15.66 billion, a PE ratio of 164.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the firm earned $0.28 earnings per share. Celsius's revenue was up 83.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,667 shares of company stock valued at $27,240,162 in the last quarter. 2.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stephens reaffirmed an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Needham & Company LLC upped their price target on Celsius from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. 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 report on Monday, September 8th. UBS Group boosted 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. Finally, Stifel Nicolaus raised their target price on shares of Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

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.

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