Sovran Advisors LLC Sells 28,093 Shares of Celsius Holdings Inc. $CELH

Sovran Advisors LLC lessened its position in Celsius Holdings Inc. (NASDAQ:CELH) by 41.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,367 shares of the company’s stock after selling 28,093 shares during the period. Sovran Advisors LLC’s holdings in Celsius were worth $2,427,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Scopus Asset Management L.P. purchased a new position in Celsius in the 2nd quarter worth approximately $59,382,000. Ilex Capital Partners UK LLP purchased a new position in shares of Celsius in the second quarter worth $55,966,000. Holocene Advisors LP lifted its holdings in shares of Celsius by 130.6% during the second quarter. Holocene Advisors LP now owns 2,108,041 shares of the company’s stock valued at $97,792,000 after purchasing an additional 1,193,707 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in shares of Celsius by 249.5% during the second quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock valued at $60,407,000 after purchasing an additional 929,597 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Celsius by 209.2% in the 2nd quarter. Marshall Wace LLP now owns 1,284,616 shares of the company’s stock worth $59,593,000 after buying an additional 869,207 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $55.94 on Monday. The business has a 50-day simple moving average of $45.94 and a two-hundred day simple moving average of $51.65. The company has a quick ratio of 1.61, a current ratio of 1.89 and a debt-to-equity ratio of 0.72. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 559.40, a PEG ratio of 0.92 and a beta of 0.89.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The company had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. The firm’s revenue for the quarter was up 172.9% on a year-over-year basis. On average, analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other news, Director Hal Kravitz bought 10,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $45.24 per share, for a total transaction of $452,400.00. Following the purchase, the director owned 216,147 shares in the company, valued at $9,778,490.28. This represents a 4.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley set a $70.00 target price on shares of Celsius in a research note on Tuesday, September 30th. Stifel Nicolaus lowered their price objective on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Bank of America lowered their price target on Celsius from $50.00 to $45.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Finally, KeyCorp began coverage on Celsius in a research note on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Eighteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.61.

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.