Sather Financial Group Inc Invests $351,000 in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Sather Financial Group Inc acquired 9,843 shares of Celsius Holdings Inc., valued at approximately $351,000, indicating increased institutional interest in the company.
• Celsius reported Q1 earnings of $0.18 per share, falling short of expectations, with a revenue decline of 7.4% year-over-year.
• Major investment firms like UBS and JPMorgan have raised their price targets on Celsius, reflecting a positive outlook on the stock despite recent performance challenges.

Sather Financial Group Inc bought a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,843 shares of the company's stock, valued at approximately $351,000.

Several other large investors have also recently modified their holdings of CELH. Champlain Investment Partners LLC bought a new position in shares of Celsius during the 4th quarter valued at approximately $85,068,000. Norges Bank purchased a new position in Celsius during the 4th quarter valued at $72,579,000. Alyeska Investment Group L.P. boosted its holdings in Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after acquiring an additional 2,591,345 shares during the period. FMR LLC boosted its holdings in Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after acquiring an additional 1,585,839 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after acquiring an additional 1,444,020 shares during the period. Institutional investors own 60.95% of the company's stock.

Celsius Trading Up 0.2%

Shares of CELH stock traded up $0.11 during mid-day trading on Wednesday, reaching $47.55. The stock had a trading volume of 1,481,111 shares, compared to its average volume of 8,183,640. The business's fifty day moving average is $42.93 and its 200-day moving average is $35.06. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 148.48, a PEG ratio of 1.67 and a beta of 1.45. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $48.47.

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

Insider Activity

In other Celsius news, CEO John Fieldly sold 130,803 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total value of $5,886,135.00. Following the sale, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 562,974 shares of company stock worth $25,758,418. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group upped their target price on Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. B. Riley upped their target price on Celsius from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday. Roth Capital reiterated a "buy" rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, Truist Financial upped their target price on Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.28.

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.