Savoir Faire Capital Management L.P. Has $2.53 Million Stock Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Savoir Faire Capital Management L.P. cut its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 74.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,917 shares of the company's stock after selling 212,040 shares during the period. Celsius accounts for approximately 2.2% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 17th biggest holding. Savoir Faire Capital Management L.P.'s holdings in Celsius were worth $2,526,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CELH. Private Advisor Group LLC bought a new stake in shares of Celsius in the 1st quarter valued at about $290,000. Wealthfront Advisers LLC increased its stake in shares of Celsius by 21.2% in the 1st quarter. Wealthfront Advisers LLC now owns 13,509 shares of the company's stock valued at $481,000 after acquiring an additional 2,365 shares during the last quarter. GPM Growth Investors Inc. bought a new stake in shares of Celsius in the 1st quarter valued at about $1,707,000. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of Celsius by 107.2% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 40,626 shares of the company's stock valued at $1,447,000 after acquiring an additional 21,020 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Celsius by 356.4% in the 1st quarter. Signaturefd LLC now owns 3,090 shares of the company's stock valued at $110,000 after acquiring an additional 2,413 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 130,803 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 1,038,577 shares in the company, 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 link. Also, major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the transaction, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 562,974 shares of company stock valued at $25,758,418 in the last three months. Insiders own 2.55% of the company's stock.

Celsius Stock Down 0.0%

Shares of NASDAQ CELH traded down $0.02 during trading hours on Friday, hitting $44.43. The company had a trading volume of 5,748,914 shares, compared to its average volume of 8,089,330. The stock has a market capitalization of $11.45 billion, a P/E ratio of 138.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $48.75. The firm's 50 day moving average is $41.89 and its 200-day moving average is $34.16.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly 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 business had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. During the same period in the prior year, the business earned $0.27 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on CELH shares. Needham & Company LLC raised their target price on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Roth Capital restated a "buy" rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Wells Fargo & Company raised their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.47.

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.