Sovran Advisors LLC bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm bought 56,454 shares of the company’s stock, valued at approximately $1,895,000.
A number of other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its stake in Celsius by 5.0% in the first quarter. Sequoia Financial Advisors LLC now owns 37,314 shares of the company’s stock valued at $1,324,000 after acquiring an additional 1,772 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Celsius during the first quarter worth about $56,000. Peterson Wealth Services increased its position in shares of Celsius by 7.7% during the first quarter. Peterson Wealth Services now owns 15,154 shares of the company’s stock worth $538,000 after purchasing an additional 1,080 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Celsius by 2.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 32,782 shares of the company’s stock worth $1,163,000 after purchasing an additional 900 shares in the last quarter. Finally, Sather Financial Group Inc lifted its holdings in shares of Celsius by 19.1% in the 1st quarter. Sather Financial Group Inc now owns 5,874 shares of the company’s stock valued at $208,000 after purchasing an additional 942 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.
Celsius Price Performance
Celsius stock opened at $30.60 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43. The business has a 50 day simple moving average of $30.33 and a 200-day simple moving average of $39.38. Celsius Holdings Inc. has a 12 month low of $27.47 and a 12 month high of $66.74. The stock has a market capitalization of $7.82 billion, a PE ratio of 71.16, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94.
Insider Buying and Selling at Celsius
In other news, CEO John Fieldly bought 8,475 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $29.36 per share, with a total value of $248,826.00. Following the completion of the acquisition, the chief executive officer directly owned 937,540 shares in the company, valued at approximately $27,526,174.40. The trade was a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hal Kravitz purchased 8,400 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $29.73 per share, for a total transaction of $249,732.00. Following the completion of the purchase, the director owned 227,158 shares of the company’s stock, valued at approximately $6,753,407.34. This trade represents a 3.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.33% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CELH shares. Bank of America decreased their target price on Celsius from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $44.00 price objective on shares of Celsius in a report on Friday, May 8th. UBS Group lowered their target price on shares of Celsius from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. cut their target price on shares of Celsius from $77.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Finally, Citigroup reduced their price target on shares of Celsius from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $59.90.
View Our Latest Analysis on CELH
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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