SLT Holdings LLC Buys 4,840 Shares of Celsius Holdings Inc. $CELH

Key Points

• SLT Holdings LLC increased its stake in Celsius Holdings Inc. by 40.8%, acquiring an additional 4,840 shares, bringing their total to 16,690 shares worth approximately $774,000.
• Celsius Holdings reported $0.47 earnings per share for the last quarter, surpassing estimates, with revenue growth of 83.9% year-over-year, totaling $739.3 million.
• Recent insider sales include William H. Milmoe selling 100,000 shares and CEO John Fieldly selling 143,167 shares, indicating notable insider activity amid a declining stock price.

SLT Holdings LLC grew its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 40.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,690 shares of the company's stock after acquiring an additional 4,840 shares during the period. SLT Holdings LLC's holdings in Celsius were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CELH. Westside Investment Management Inc. bought a new position in shares of Celsius in the first quarter worth about $32,000. Summit Securities Group LLC bought a new position in shares of Celsius in the first quarter worth about $34,000. UMB Bank n.a. raised its stake in shares of Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after acquiring an additional 666 shares during the last quarter. Finally, Peterson Wealth Services acquired a new stake in shares of Celsius during the 1st quarter worth approximately $66,000. 60.95% of the stock is owned by institutional investors.

Celsius Stock Down 5.5%

Celsius stock opened at $60.70 on Friday. The company's 50 day simple moving average is $56.89 and its 200 day simple moving average is $45.89. 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 capitalization of $15.66 billion, a price-to-earnings ratio of 164.05, a PEG ratio of 1.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share 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 business had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same quarter last year, the firm earned $0.28 EPS. Celsius's quarterly revenue was up 83.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the transaction, the insider owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. The trade was a 13.78% 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 valued at $27,240,162. 2.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on CELH shares. Needham & Company LLC lifted their price target on shares of Celsius from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Wall Street Zen cut shares of Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. UBS Group lifted their price target on shares of Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Piper Sandler lifted their price target on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Finally, Truist Financial lifted their price target on shares of Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Celsius Company 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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