Louisiana State Employees Retirement System Makes New Investment in Celsius Holdings Inc. $CELH

Louisiana State Employees Retirement System acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the first quarter, HoldingsChannel.com reports. The firm acquired 46,300 shares of the company’s stock, valued at approximately $1,643,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CELH. Norges Bank bought a new stake in shares of Celsius in the 4th quarter worth about $140,803,000. Massachusetts Financial Services Co. MA bought a new position in Celsius during the 4th quarter valued at about $115,321,000. Westfield Capital Management Co. LP bought a new position in Celsius during the 4th quarter valued at about $70,632,000. BNP Paribas Financial Markets boosted its position in Celsius by 389.1% in the third quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock valued at $98,490,000 after buying an additional 1,362,867 shares in the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Celsius in the second quarter valued at about $59,382,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

CELH opened at $31.87 on Thursday. Celsius Holdings Inc. has a one year low of $27.47 and a one year high of $66.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. The company’s 50 day simple moving average is $30.53 and its 200-day simple moving average is $39.92. The stock has a market capitalization of $8.15 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.12. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The firm had revenue of $782.62 million during the quarter, compared to analysts’ expectations of $763.08 million. During the same quarter in the previous year, the company posted $0.18 EPS. Celsius’s revenue was up 137.7% on a year-over-year basis. Sell-side analysts anticipate that Celsius Holdings Inc. will post 1.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, Director Hal Kravitz purchased 8,400 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $29.73 per share, with a total value of $249,732.00. Following the completion of the purchase, the director directly owned 227,158 shares of the company’s stock, valued at $6,753,407.34. The trade was a 3.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Fieldly purchased 8,475 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $29.36 per share, for a total transaction of $248,826.00. Following the acquisition, the chief executive officer owned 937,540 shares of the company’s stock, valued at $27,526,174.40. The trade was a 0.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Celsius in a report on Tuesday, May 19th. TD Cowen reduced their target price on Celsius from $66.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $44.00 price target on shares of Celsius in a research report on Friday, May 8th. Morgan Stanley set a $48.00 price objective on Celsius and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Finally, Citigroup reduced their price objective on Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $60.90.

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.