Bank of America Corp DE boosted its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 508,252 shares of the company's stock after acquiring an additional 37,555 shares during the quarter. Bank of America Corp DE owned 0.20% of Celsius worth $18,033,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in CELH. Janus Henderson Group PLC raised its holdings in shares of Celsius by 35.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,058,503 shares of the company's stock worth $37,565,000 after buying an additional 276,369 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Celsius by 2.6% in the 1st quarter. Arkadios Wealth Advisors now owns 26,983 shares of the company's stock valued at $957,000 after buying an additional 691 shares in the last quarter. California State Teachers Retirement System grew its position in Celsius by 21.8% in the first quarter. California State Teachers Retirement System now owns 179,724 shares of the company's stock valued at $6,377,000 after acquiring an additional 32,214 shares during the period. Infrastructure Capital Advisors LLC grew its position in Celsius by 94.8% in the first quarter. Infrastructure Capital Advisors LLC now owns 122,534 shares of the company's stock valued at $4,348,000 after acquiring an additional 59,639 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in Celsius during the first quarter worth $370,000. Institutional investors and hedge funds own 60.95% of the company's stock.
Celsius Stock Performance
Celsius stock opened at $32.26 on Thursday. The stock has a 50-day simple moving average of $29.45 and a 200 day simple moving average of $35.01. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 134.42, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $66.74.
Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The company had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. During the same period in the prior year, the company earned $0.47 EPS. The firm's revenue was up 10.6% compared to the same quarter last year. On average, research analysts anticipate that Celsius Holdings Inc. will post 1.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO John Fieldly acquired 8,475 shares of Celsius stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $29.36 per share, with a total value of $248,826.00. Following the acquisition, the chief executive officer owned 937,540 shares in the company, valued at $27,526,174.40. This represents a 0.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hal Kravitz acquired 8,400 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $29.73 per share, for a total transaction of $249,732.00. Following the completion of the transaction, the director directly owned 227,158 shares in the company, valued at approximately $6,753,407.34. The trade was a 3.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.33% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Needham & Company LLC cut their price objective on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Piper Sandler lowered their target price on shares of Celsius from $49.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. UBS Group set a $44.00 target price on shares of Celsius and gave the stock a "buy" rating in a research report on Friday, August 7th. Maxim Group downgraded shares of Celsius from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Weiss Ratings cut shares of Celsius from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.
Get Our Latest Stock Report on CELH
Celsius Company Profile
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Free Report)
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.
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