Wakefield Asset Management LLLP Purchases New Position in Celsius Holdings Inc. $CELH

Wakefield Asset Management LLLP purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 89,726 shares of the company’s stock, valued at approximately $4,104,000. Celsius makes up approximately 1.1% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in Celsius in the third quarter valued at approximately $27,000. Brown Brothers Harriman & Co. lifted its stake in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Celsius in the fourth quarter valued at approximately $31,000. Cullen Frost Bankers Inc. lifted its stake in Celsius by 697.3% in the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after buying an additional 788 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in 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 buying an additional 316 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Celsius stock opened at $30.16 on Friday. Celsius Holdings Inc. has a 12 month low of $27.66 and a 12 month 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 business has a 50 day simple moving average of $36.16 and a 200-day simple moving average of $43.83. The stock has a market capitalization of $7.71 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.29 by $0.12. Celsius had a return on equity of 37.95% and a net margin of 5.85%.The business had revenue of $782.62 million during the quarter, compared to analysts’ expectations of $763.08 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 137.7% compared to the same quarter last year. Equities analysts predict that Celsius Holdings Inc. will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Morgan Stanley reiterated an “overweight” rating and issued a $55.00 price objective (down from $64.00) on shares of Celsius in a research note on Friday, May 8th. Piper Sandler reiterated an “overweight” rating and issued a $65.00 price objective (up from $61.00) on shares of Celsius in a research note on Thursday, January 29th. Rothschild & Co Redburn assumed coverage on Celsius in a research note on Wednesday, May 6th. They issued a “neutral” rating and a $47.00 price objective for the company. Finally, Bank of America upgraded Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 27th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $63.89.

About Celsius

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.