Savoir Faire Capital Management L.P. Acquires 25,315 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Savoir Faire Capital Management L.P. lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 17.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 173,518 shares of the company’s stock after acquiring an additional 25,315 shares during the quarter. Celsius makes up about 2.8% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 13th biggest holding. Savoir Faire Capital Management L.P. owned 0.07% of Celsius worth $5,442,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares during the last quarter. Beacon Capital Management LLC acquired a new position in Celsius in the 1st quarter valued at $40,000. S.A. Mason LLC acquired a new position in Celsius in the 2nd quarter valued at $30,000. Benjamin F. Edwards & Company Inc. raised its holdings in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

Celsius Price Performance

Shares of Celsius stock opened at $25.79 on Tuesday. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The stock’s 50-day moving average is $31.41 and its 200 day moving average is $49.31. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.95 and a beta of 1.86.

Analyst Ratings Changes

A number of research firms have recently commented on CELH. Jefferies Financial Group lowered their price target on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Stifel Nicolaus reduced their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group reduced their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial boosted their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

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.