Invesco Ltd. Buys 42,997 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Invesco Ltd. increased its stake in Celsius Holdings Inc. by 1.8%, acquiring an additional 42,997 shares, bringing its total ownership to 2,394,811 shares valued at approximately $85.3 million.
• Multiple hedge funds have also changed their positions in Celsius, with significant increases in stakes from firms like MassMutual Private Wealth & Trust FSB, which grew its stake by 255.1%.
• Recent analyst ratings for Celsius have been largely positive, with several firms setting price targets above the current trading levels, indicating confidence in its future performance.

Invesco Ltd. grew its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,394,811 shares of the company's stock after acquiring an additional 42,997 shares during the period. Invesco Ltd. owned 0.93% of Celsius worth $85,303,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in Celsius in the 1st quarter worth about $32,000. MassMutual Private Wealth & Trust FSB grew its stake in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Celsius by 145.0% during the first 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 boosted its stake in shares of Celsius by 62.9% during the first 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 bought a new position in shares of Celsius during the first quarter valued at approximately $66,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CELH. B. Riley reiterated a "buy" rating and set a $56.00 price objective (up from $52.00) on shares of Celsius in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Celsius from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Truist Financial set a $65.00 price objective on shares of Celsius and gave the company a "buy" rating in a research note on Monday, August 11th. Maxim Group increased their price objective on shares of Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Citigroup reiterated a "buy" rating and set a $60.00 price objective (up from $55.00) on shares of Celsius in a research note on Friday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.28.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction 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 completion of the sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,111,141 shares of company stock worth $52,241,605. Corporate insiders own 2.55% of the company's stock.

Celsius Trading Up 1.1%

NASDAQ CELH opened at $57.30 on Friday. The company has a fifty day simple moving average of $46.13 and a two-hundred day simple moving average of $37.11. The stock has a market cap of $14.78 billion, a P/E ratio of 154.86, a P/E/G ratio of 1.29 and a beta of 1.40. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $57.79. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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 analysts' consensus estimates of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business's quarterly revenue was up 83.9% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts forecast 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.

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