Baypointe Partners LLC Has $1.46 Million Position in Celsius Holdings Inc. $CELH

Key Points

• Baypointe Partners cut its Celsius Holdings stake by 66.7% in the second quarter, selling 100,000 shares and retaining 50,000 shares worth approximately $1.46 million. Institutional investors collectively own 60.95% of the company.
• Celsius reported quarterly earnings of $0.36 per share, below the $0.41 analyst consensus, while revenue of $817.93 million also missed expectations but increased 10.6% year over year.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $44.94, although several firms recently lowered their targets or downgraded the stock. Shares opened at $31.61, well below the 52-week high of $66.74.

Baypointe Partners LLC decreased its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 66.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,000 shares of the company's stock after selling 100,000 shares during the quarter. Celsius accounts for about 3.5% of Baypointe Partners LLC's investment portfolio, making the stock its 9th largest position. Baypointe Partners LLC's holdings in Celsius were worth $1,464,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Celsius in the 4th quarter valued at $140,803,000. Westfield Capital Management Co. LP acquired a new stake in Celsius during the 4th quarter worth about $70,632,000. Bank of New York Mellon Corp acquired a new stake in Celsius during the 2nd quarter worth about $43,040,000. Scopus Asset Management L.P. purchased a new stake in Celsius during the second quarter valued at about $59,382,000. Finally, Clearbridge Investments LLC purchased a new stake in Celsius during the fourth quarter valued at about $45,137,000. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $31.61 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. Celsius Holdings Inc. has a one year low of $23.56 and a one year high of $66.74. The business's 50-day moving average price is $30.25 and its two-hundred day moving average price is $33.83. The company has a market capitalization of $8.00 billion, a P/E ratio of 131.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The firm had revenue of $817.93 million for the quarter, compared to analysts' expectations of $870.08 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. Analysts anticipate that Celsius Holdings Inc. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Needham & Company LLC decreased their target price on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Citigroup dropped their price target on Celsius from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Roth Capital reissued a "buy" rating and issued a $48.00 price objective on shares of Celsius in a research note on Friday, August 7th. Maxim Group lowered Celsius from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein cut Celsius from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $44.00 to $26.00 in a research note on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.94.

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.

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