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

Savoir Faire Capital Management L.P. grew its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,518 shares of the company's stock after purchasing an additional 25,315 shares during the quarter. Celsius makes up about 2.8% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 13th largest position. Savoir Faire Capital Management L.P. owned approximately 0.07% of Celsius worth $5,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Covestor Ltd lifted its stake in Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company's stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company's stock worth $977,000 after purchasing an additional 181 shares during the last quarter. Tidal Investments LLC grew its position in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company's stock worth $500,000 after purchasing an additional 249 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company's stock valued at $414,000 after buying an additional 289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Celsius by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company's stock worth $147,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating for the company in a research report on Thursday, September 5th. Truist Financial lifted their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Finally, Maxim Group reduced their target price on shares of Celsius from $65.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $54.40.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company's stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company's stock.

Celsius Trading Up 5.8 %

Shares of NASDAQ CELH traded up $1.50 during mid-day trading on Tuesday, hitting $27.29. The company had a trading volume of 8,805,541 shares, compared to its average volume of 6,047,826. The stock's 50-day moving average price is $31.26 and its 200-day moving average price is $48.97. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.95 and a beta of 1.86. Celsius Holdings, Inc. has a 1 year low of $25.23 and a 1 year high of $99.62.

About Celsius

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.