Kornitzer Capital Management Inc. KS Acquires 117,431 Shares of Celsius Holdings Inc. $CELH

Key Points

• Kornitzer Capital Management Inc. KS increased its stake in Celsius by 103.2% in Q4, purchasing 117,431 shares to hold 231,181 shares valued at about $10.57 million (roughly 0.09% of the company).
• Celsius beat Q4 expectations with earnings of $0.26 per share versus the $0.19 consensus and reported revenue of $721.6 million, up 117.2% year-over-year.
• Institutional investors own 60.95% of the company—Vanguard holds 18,074,995 shares (~$826.75 million)—and analysts have a consensus rating of Moderate Buy with a $65.72 average price target (20 Buy, 3 Hold).

Kornitzer Capital Management Inc. KS raised its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 103.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,181 shares of the company's stock after purchasing an additional 117,431 shares during the period. Kornitzer Capital Management Inc. KS owned 0.09% of Celsius worth $10,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new position in shares of Celsius in the 4th quarter worth approximately $115,321,000. BNP Paribas Financial Markets raised its position in shares of Celsius by 389.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company's stock worth $98,490,000 after acquiring an additional 1,362,867 shares in the last quarter. Scopus Asset Management L.P. bought a new position in shares of Celsius in the 2nd quarter worth approximately $59,382,000. CIBC Private Wealth Group LLC raised its position in shares of Celsius by 48,706.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 898,042 shares of the company's stock worth $51,628,000 after acquiring an additional 896,202 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Celsius by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company's stock worth $826,750,000 after acquiring an additional 802,743 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Celsius stock opened at $33.73 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $8.67 billion, a P/E ratio of 134.92, a PEG ratio of 1.21 and a beta of 1.13. The stock's 50 day moving average is $39.53 and its 200 day moving average is $45.96. Celsius Holdings Inc. has a twelve month low of $32.01 and a twelve month high of $66.74.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $721.63 million for the quarter, compared to the consensus estimate of $638.17 million. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The firm's quarterly revenue was up 117.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. On average, equities research analysts predict that Celsius Holdings Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CELH. TD Cowen decreased their target price on Celsius from $66.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Morgan Stanley reissued an "overweight" rating and issued a $64.00 target price on shares of Celsius in a research report on Tuesday, March 17th. Weiss Ratings raised Celsius from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, March 4th. Needham & Company LLC increased their target price on Celsius from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Finally, Bank of America raised Celsius from an "underperform" rating to a "buy" rating and set a $65.00 target price for the company in a research report on Friday, February 27th. Twenty research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $65.72.

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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