WT Asset Management Ltd Takes $2.96 Million Position in Celsius Holdings Inc. $CELH

WT Asset Management Ltd acquired a new position in Celsius Holdings Inc. (NASDAQ:CELH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,400 shares of the company’s stock, valued at approximately $2,955,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC acquired a new stake in Celsius in the third quarter worth about $27,000. Hantz Financial Services Inc. raised its position in shares of Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after purchasing an additional 738 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Celsius by 697.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after purchasing an additional 788 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Celsius by 244.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after purchasing an additional 794 shares in the last quarter. Finally, Huntington National Bank increased its stake in Celsius by 939.8% during the 2nd quarter. Huntington National Bank now owns 1,175 shares of the company’s stock valued at $55,000 after purchasing an additional 1,062 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Performance

NASDAQ:CELH traded up $3.69 during trading hours on Friday, reaching $47.82. The company had a trading volume of 1,622,171 shares, compared to its average volume of 4,167,074. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.89 and a quick ratio of 1.61. Celsius Holdings Inc. has a 1-year low of $24.04 and a 1-year high of $66.74. The business’s 50 day moving average price is $48.65 and its 200-day moving average price is $51.98. The firm has a market cap of $12.33 billion, a PE ratio of 481.90, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CELH. Bank of America lowered their price objective on shares of Celsius from $50.00 to $45.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. Piper Sandler reiterated an “overweight” rating and set a $65.00 price target (up previously from $61.00) on shares of Celsius in a research note on Thursday, January 29th. KeyCorp assumed coverage on Celsius in a research note on Tuesday, December 16th. They issued a “sector weight” rating for the company. UBS Group reiterated a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Celsius in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus cut their price target on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

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.