Celsius Holdings Inc. $CELH Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 31.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,957 shares of the company’s stock after selling 32,868 shares during the period. Korea Investment CORP’s holdings in Celsius were worth $4,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in Celsius in the third quarter valued at $27,000. Cullen Frost Bankers Inc. increased its stake in Celsius by 697.3% during the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after acquiring an additional 788 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after acquiring an additional 794 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Celsius by 52.7% in the 3rd quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock worth $53,000 after purchasing an additional 316 shares during the period. Finally, Quaker Wealth Management LLC acquired a new position in shares of Celsius in the 3rd quarter valued at about $57,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating on shares of Celsius in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Celsius from $68.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Needham & Company LLC boosted their price objective on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Celsius in a research report on Wednesday, January 14th. Finally, KeyCorp began coverage on shares of Celsius in a research note on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.72.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $43.68 on Friday. The business’s 50-day simple moving average is $49.63 and its 200 day simple moving average is $51.25. The company has a market cap of $11.22 billion, a P/E ratio of 174.72, a PEG ratio of 1.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68. Celsius Holdings Inc. has a one year low of $26.09 and a one year high of $66.74.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The firm had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. During the same quarter in the prior year, the business earned ($0.11) EPS. Celsius’s quarterly revenue was up 117.2% compared to the same quarter last year. On average, sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.