Candlestick Capital Management LP Sells 1,002,061 Shares of Celsius Holdings Inc. $CELH

Candlestick Capital Management LP reduced its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 59.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 689,322 shares of the company’s stock after selling 1,002,061 shares during the quarter. Celsius accounts for about 1.0% of Candlestick Capital Management LP’s investment portfolio, making the stock its 29th biggest holding. Candlestick Capital Management LP’s holdings in Celsius were worth $39,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CELH. Harbor Investment Advisory LLC acquired a new stake in Celsius in the 3rd quarter valued at approximately $27,000. Brown Brothers Harriman & Co. boosted its position in Celsius by 1,020.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Celsius by 697.3% during the 3rd 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 raised its holdings in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after purchasing an additional 794 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of Celsius by 52.7% in the third quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock valued at $53,000 after purchasing an additional 316 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Up 2.0%

Shares of CELH stock opened at $44.57 on Friday. Celsius Holdings Inc. has a 52-week low of $26.36 and a 52-week high of $66.74. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 178.28, a PEG ratio of 1.47 and a beta of 0.89. The firm’s 50-day moving average is $49.56 and its 200-day moving average is $51.08. 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 (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. Celsius had a return on equity of 37.68% and a net margin of 4.29%.Celsius’s quarterly revenue was up 117.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. Sell-side analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent research reports. KeyCorp initiated coverage on shares of Celsius in a report on Tuesday, December 16th. They set a “sector weight” rating for the company. Weiss Ratings upgraded shares of Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Needham & Company LLC increased 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. Finally, UBS Group restated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Celsius in a report on Wednesday, January 14th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $67.72.

Celsius 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.