Korea Investment CORP Decreases Stake in Celsius Holdings Inc. $CELH

Korea Investment CORP cut its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 31.4% in the 3rd quarter, Holdings Channel reports. The fund owned 71,957 shares of the company’s stock after selling 32,868 shares during the period. Korea Investment CORP’s holdings in Celsius were worth $4,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. lifted its stake in shares of Celsius by 3.4% in the second quarter. Alliancebernstein L.P. now owns 18,662,921 shares of the company’s stock worth $865,773,000 after acquiring an additional 617,743 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Celsius by 20.9% in the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after purchasing an additional 426,623 shares during the last quarter. Holocene Advisors LP grew its stake in Celsius by 130.6% during the 2nd 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. Divisadero Street Capital Management LP increased its holdings in Celsius by 89.4% during the 2nd quarter. Divisadero Street Capital Management LP now owns 1,497,450 shares of the company’s stock worth $69,467,000 after purchasing an additional 706,888 shares during the last quarter. Finally, Mane Global Capital Management LP increased its holdings in Celsius by 121.3% during the 2nd quarter. Mane Global Capital Management LP now owns 1,486,418 shares of the company’s stock worth $68,955,000 after purchasing an additional 814,890 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Price Performance

Shares of CELH opened at $43.68 on Friday. Celsius Holdings Inc. has a 52 week low of $26.09 and a 52 week high of $66.74. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 174.72, a PEG ratio of 1.51 and a beta of 0.89. The stock has a 50 day moving average of $49.63 and a 200-day moving average of $51.25.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The business had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. During the same period in the prior year, the company posted ($0.11) EPS. The business’s revenue was up 117.2% compared to the same quarter last year. As a group, analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on CELH shares. Weiss Ratings raised Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Piper Sandler restated an “overweight” rating and issued a $65.00 price target (up from $61.00) on shares of Celsius in a research note on Thursday, January 29th. Bank of America raised shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, February 27th. KeyCorp assumed coverage on shares of Celsius in a research note on Tuesday, December 16th. They set a “sector weight” rating on the stock. Finally, UBS Group reissued a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Celsius in a report on Wednesday, January 14th. Nineteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.72.

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.