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

A number of other hedge funds have also recently added to or reduced their stakes in CELH. Alliancebernstein L.P. lifted its position in Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Celsius during the 1st quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC acquired a new stake in shares of Celsius during the 1st quarter valued at approximately $36,511,000. Broad Bay Capital Management LP acquired a new stake in shares of Celsius during the 1st quarter valued at approximately $24,374,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Celsius by 163.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company's stock valued at $38,936,000 after acquiring an additional 678,126 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research reports. Piper Sandler lifted their price target on shares of Celsius from $60.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Cowen reaffirmed a "buy" rating on shares of Celsius in a research note on Tuesday, September 2nd. UBS Group lifted their target price on shares of Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Citigroup reaffirmed a "buy" rating on shares of Celsius in a research note on Sunday, August 31st. Finally, Bank of America lifted their target price on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research note on Friday, August 8th. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $61.95.

Insider Transactions at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction 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. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 991,470 shares of company stock worth $47,307,297 over the last three months. Insiders own 2.55% of the company's stock.

Celsius Stock Up 0.1%

Shares of NASDAQ:CELH traded up $0.08 during midday trading on Thursday, hitting $56.42. 1,596,469 shares of the company's stock traded hands, compared to its average volume of 7,915,417. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The company has a market cap of $14.55 billion, a PE ratio of 152.18, a P/E/G ratio of 1.25 and a beta of 1.34. The firm's fifty day moving average price is $52.97 and its two-hundred day moving average price is $42.62. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.28 EPS. On average, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

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.