Celsius Holdings Inc. $CELH Position Raised by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 155.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,773 shares of the company’s stock after purchasing an additional 22,966 shares during the quarter. Van ECK Associates Corp’s holdings in Celsius were worth $1,106,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CELH. Fideuram Asset Management Ireland dac bought a new stake in Celsius in the 4th quarter valued at about $31,000. Brown Brothers Harriman & Co. grew its position in Celsius by 1,020.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Celsius by 244.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after acquiring an additional 794 shares during the period. Summit Securities Group LLC bought a new stake in shares of Celsius during the first quarter valued at about $56,000. Finally, Ancora Advisors LLC bought a new stake in shares of Celsius during the 2nd quarter worth about $64,000. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CELH. Maxim Group cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of Celsius from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. UBS Group set a $44.00 target price on shares of Celsius and gave the stock a “buy” rating in a report on Friday, August 7th. Citigroup cut their target price on shares of Celsius from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Roth Capital restated a “buy” rating and set a $48.00 target price on shares of Celsius in a report on Friday, August 7th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.94.

Celsius Stock Performance

Shares of CELH opened at $30.66 on Friday. Celsius Holdings Inc. has a one year low of $23.56 and a one year high of $66.74. The company has a 50-day moving average of $30.27 and a two-hundred day moving average of $33.81. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 127.75, a PEG ratio of 2.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm had revenue of $817.93 million for the quarter, compared to analyst estimates of $870.08 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that Celsius Holdings Inc. will post 1.47 earnings per share for the current 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.