Savoir Faire Capital Management L.P. Purchases 126,203 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Savoir Faire Capital Management L.P. raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 573.7% during the second quarter, HoldingsChannel.com reports. The firm owned 148,203 shares of the company’s stock after acquiring an additional 126,203 shares during the quarter. Celsius makes up 3.3% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 6th biggest position. Savoir Faire Capital Management L.P.’s holdings in Celsius were worth $8,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CELH. Transcendent Capital Group LLC bought a new position in Celsius in the fourth quarter valued at approximately $25,000. FinTrust Capital Advisors LLC bought a new position in shares of Celsius in the 1st quarter worth $25,000. Tidemark LLC acquired a new stake in shares of Celsius during the fourth quarter worth $29,000. Heritage Wealth Advisors increased its holdings in Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after purchasing an additional 368 shares during the last quarter. Finally, S.A. Mason LLC acquired a new position in Celsius in the second quarter valued at about $30,000. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ CELH opened at $33.18 on Tuesday. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 52 week low of $31.55 and a 52 week high of $99.62. The stock’s 50 day moving average price is $42.25 and its two-hundred day moving average price is $65.05.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. On average, equities research analysts forecast that Celsius Holdings, Inc. will post 0.83 EPS for the current year.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CELH has been the subject of a number of recent analyst reports. Bank of America lowered their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Stifel Nicolaus lowered their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Truist Financial reduced their price target on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. B. Riley lowered their price objective on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group reduced their target price on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.64.

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.