Quantitative Investment Management LLC Buys Shares of 65,869 Celsius Holdings Inc. $CELH

Quantitative Investment Management LLC purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 65,869 shares of the company’s stock, valued at approximately $1,928,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFM Investors Pty Ltd bought a new position in Celsius in the first quarter valued at about $1,275,000. Royal Bank of Canada grew its stake in shares of Celsius by 79.2% during the 1st quarter. Royal Bank of Canada now owns 257,666 shares of the company’s stock valued at $9,179,000 after purchasing an additional 113,840 shares during the period. NewEdge Advisors LLC grew its stake in shares of Celsius by 131.5% during the 1st quarter. NewEdge Advisors LLC now owns 23,166 shares of the company’s stock valued at $825,000 after purchasing an additional 13,159 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Celsius by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 433,241 shares of the company’s stock valued at $15,432,000 after purchasing an additional 53,844 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Celsius by 244.3% during the 2nd 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. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Down 4.6%

NASDAQ CELH opened at $31.45 on Tuesday. Celsius Holdings Inc. has a 52 week low of $23.56 and a 52 week high of $66.74. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $7.96 billion, a P/E ratio of 131.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.95. The stock’s 50-day moving average price is $30.08 and its 200-day moving average price is $34.11.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data 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). The company had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts predict that Celsius Holdings Inc. will post 1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CELH shares. Bank of America dropped their price objective on shares of Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. The Goldman Sachs Group set a $45.00 target price on shares of Celsius in a report on Monday, August 10th. Zacks Research downgraded shares of Celsius from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Needham & Company LLC dropped their price target on shares of Celsius from $55.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen cut shares of Celsius from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.05.

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.