United Services Automobile Association Acquires New Holdings in Celsius Holdings Inc. $CELH

Key Points

• United Services Automobile Association acquired 9,927 shares of Celsius Holdings Inc. valued at approximately $334,000 during the first quarter.
• The stock has seen increased interest from institutional investors, with 60.95% of shares now owned by them, and several hedge funds making new stakes in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Celsius, with multiple brokerages raising their price targets, including a boost from $60.00 to $70.00 by Needham & Company LLC.

United Services Automobile Association bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,927 shares of the company's stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Celsius during the first quarter worth about $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius in the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after acquiring an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CELH. Maxim Group raised their target price on Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Morgan Stanley lifted their price target on shares of Celsius from $56.00 to $61.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Bank of America upped their price target on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a report on Friday, August 8th. Mizuho raised their price target on Celsius from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Celsius in a research report on Thursday. They set a "buy" rating and a $72.00 price target for the company. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.95.

Celsius Price Performance

CELH stock traded down $1.75 during mid-day trading on Monday, hitting $56.07. The company had a trading volume of 4,789,024 shares, compared to its average volume of 5,547,694. The company has a 50-day moving average price of $52.57 and a 200 day moving average price of $42.43. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 151.54, a P/E/G ratio of 1.31 and a beta of 1.33.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating 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 company had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm's revenue was up 83.9% compared to the same quarter last year. On average, research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was 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. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 991,470 shares of company stock valued at $47,307,297. 2.20% of the stock is owned by corporate insiders.

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.