Candlestick Capital Management LP Sells 1,002,061 Shares of Celsius Holdings Inc. $CELH

Key Points

• Candlestick Capital cut its stake in Celsius by 59.2%, selling 1,002,061 shares in the quarter and now holds 689,322 shares (about 0.27% of the company) worth roughly $39.63 million, making CELH its 29th largest holding.
• Analyst sentiment is broadly positive with 19 Buys and 4 Holds, a consensus rating of Moderate Buy and an average price target of $67.72, including recent upgrades and raised targets from JPMorgan and Piper Sandler.
• Celsius reported an EPS beat of $0.26 versus $0.19 expected and revenue of $721.6 million, up 117.2% year-over-year, while the stock trades with a market cap around $11.45 billion.

Candlestick Capital Management LP lowered its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 59.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 689,322 shares of the company's stock after selling 1,002,061 shares during the quarter. Celsius comprises approximately 1.0% of Candlestick Capital Management LP's holdings, making the stock its 29th largest holding. Candlestick Capital Management LP owned 0.27% of Celsius worth $39,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in Celsius by 1,993.0% in the second quarter. Allworth Financial LP now owns 11,135 shares of the company's stock valued at $517,000 after purchasing an additional 10,603 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Celsius by 249.5% during the second quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company's stock worth $60,407,000 after buying an additional 929,597 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Celsius during the 3rd quarter worth about $1,619,000. Los Angeles Capital Management LLC acquired a new position in shares of Celsius during the 2nd quarter worth about $297,000. Finally, Braun Stacey Associates Inc. increased its stake in shares of Celsius by 15.1% in the 3rd quarter. Braun Stacey Associates Inc. now owns 595,901 shares of the company's stock valued at $34,258,000 after acquiring an additional 78,027 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CELH has been the topic of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $65.00 price target (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Celsius from $68.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, January 29th. Bank of America raised shares of Celsius from an "underperform" rating to a "buy" rating and set a $65.00 target price for the company in a research note on Friday, February 27th. Roth Mkm reiterated a "buy" rating on shares of Celsius in a report on Monday, February 9th. Finally, KeyCorp assumed coverage on shares of Celsius in a research report on Tuesday, December 16th. They set a "sector weight" rating on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $67.72.

Celsius Stock Performance

Shares of CELH opened at $44.57 on Friday. The firm has a market cap of $11.45 billion, a P/E ratio of 178.28, a PEG ratio of 1.47 and a beta of 0.89. Celsius Holdings Inc. has a twelve month low of $26.36 and a twelve month high of $66.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68. The firm's 50 day moving average price is $49.56 and its two-hundred day moving average price is $51.08.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company had revenue of $721.63 million during the quarter, compared to the consensus estimate of $638.17 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm's revenue was up 117.2% compared to the same quarter last year. On average, analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Celsius 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.

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