Ranger Investment Management L.P. Acquires Shares of 465,470 Celsius Holdings Inc. $CELH

Key Points

• Ranger Investment Management acquired 465,470 Celsius Holdings shares worth approximately $13.6 million, giving it a 0.18% stake. Institutional investors collectively own 60.95% of the company.
• Celsius reported quarterly revenue of $817.93 million, up 10.6% year over year, but missed analyst expectations on both revenue and earnings, posting $0.36 in EPS versus the $0.41 consensus estimate.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $50.50, although several firms recently lowered their targets and Celsius shares trade near $33.36.

Ranger Investment Management L.P. acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 465,470 shares of the company's stock, valued at approximately $13,629,000. Ranger Investment Management L.P. owned 0.18% of Celsius as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CELH. Brown Brothers Harriman & Co. lifted its stake in shares of Celsius by 1,020.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Celsius during the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position 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 buying an additional 794 shares during the period. Danske Bank A S purchased a new position in Celsius in the third quarter valued at $69,000. Finally, Summit Securities Group LLC purchased a new position in Celsius in the first quarter valued at $56,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Price Performance

CELH opened at $33.36 on Monday. The company has a market cap of $8.44 billion, a PE ratio of 139.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95. Celsius Holdings Inc. has a twelve month low of $23.56 and a twelve month high of $66.74. The company has a 50-day moving average price of $29.61 and a 200 day moving average price of $34.74. 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 (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate 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%.Celsius's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. Sell-side analysts expect that Celsius Holdings Inc. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CELH shares. Piper Sandler dropped their target price on Celsius from $49.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Weiss Ratings cut Celsius from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group set a $45.00 price target on Celsius in a research report on Monday, August 10th. UBS Group set a $44.00 price objective on Celsius and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. reduced their target price on Celsius from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and an average target price of $50.50.

Celsius Company 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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