Celsius Holdings Inc. $CELH Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in Celsius Holdings Inc. (NASDAQ:CELH) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,750 shares of the company’s stock after selling 27,095 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Celsius were worth $6,539,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd purchased a new stake in shares of Celsius during the 1st quarter valued at approximately $1,275,000. Royal Bank of Canada increased its stake in Celsius by 79.2% during the first quarter. Royal Bank of Canada now owns 257,666 shares of the company’s stock worth $9,179,000 after acquiring an additional 113,840 shares during the last quarter. NewEdge Advisors LLC raised its position in Celsius by 131.5% in the first 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 raised its position in Celsius by 14.2% in the first 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 period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Celsius by 25.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,061 shares of the company’s stock valued at $1,307,000 after purchasing an additional 5,713 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 1.8%

Celsius stock opened at $55.51 on Wednesday. The firm has a market capitalization of $14.31 billion, a P/E ratio of 555.10, a P/E/G ratio of 0.89 and a beta of 0.89. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $66.74. The stock’s fifty day simple moving average is $46.52 and its 200-day simple moving average is $51.79.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The firm had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius’s revenue was up 172.9% compared to the same quarter last year. As a group, equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other news, Director Hal Kravitz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the purchase, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This represents a 4.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CELH. JPMorgan Chase & Co. cut their price objective on Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. KeyCorp started coverage on shares of Celsius in a report on Tuesday, December 16th. They issued a “sector weight” rating on the stock. Morgan Stanley set a $70.00 target price on shares of Celsius in a report on Tuesday, September 30th. Finally, Zacks Research lowered Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.61.

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.