First Eagle Investment Management LLC Purchases Shares of 45,353 Celsius Holdings Inc. $CELH

Key Points

• First Eagle Investment Management purchased 45,353 Celsius Holdings shares during the second quarter, valued at approximately $1.33 million. Hedge funds and other institutional investors collectively own 60.95% of CELH.
• Analyst sentiment remains generally positive, with 16 Buy, five Hold and two Sell ratings, producing a “Moderate Buy” consensus and an average price target of $44.94. However, several firms recently lowered their targets, including Needham to $35 and Citigroup to $40.
• Celsius reported quarterly EPS of $0.36, below the $0.41 consensus estimate, while revenue of $817.93 million also missed expectations but increased 10.6% year over year. The stock opened at $30.66, well below its one-year high of $66.74.

First Eagle Investment Management LLC acquired a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,353 shares of the company's stock, valued at approximately $1,328,000.

Several other hedge funds have also modified their holdings of CELH. Fideuram Asset Management Ireland dac bought a new position in shares of Celsius during the 4th quarter valued at approximately $31,000. Continuum Advisory LLC bought a new stake in Celsius in the second quarter worth $31,000. Brown Brothers Harriman & Co. increased its position in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company's stock worth $32,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company's stock valued at $52,000 after purchasing an additional 794 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Celsius during the first quarter valued at $56,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CELH has been the subject of a number of recent research reports. Wall Street Zen cut shares of Celsius from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. UBS Group set a $44.00 target price on shares of Celsius and gave the company a "buy" rating in a research report on Friday, August 7th. Citigroup lowered their price target on shares of Celsius from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, August 7th. Needham & Company LLC dropped their price target on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Stephens reduced their price objective on Celsius from $65.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.94.

Celsius Stock Performance

CELH opened at $30.66 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock's 50 day moving average price is $30.27 and its 200-day moving average price is $33.74. Celsius Holdings Inc. has a one year low of $23.56 and a one year high of $66.74. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 127.75, a P/E/G ratio of 2.09 and a beta of 0.93.

Celsius (NASDAQ:CELH - Get Free Report) last released its 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). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The business had revenue of $817.93 million during the quarter, compared to analysts' expectations of $870.08 million. During the same quarter in the previous year, the business earned $0.47 EPS. The business's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Celsius Holdings Inc. will post 1.47 EPS for the current 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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