Van ECK Associates Corp Grows Stake in Celsius Holdings Inc. $CELH

Van ECK Associates Corp lifted its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 155.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,773 shares of the company’s stock after buying an additional 22,966 shares during the period. Van ECK Associates Corp’s holdings in Celsius were worth $1,106,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CELH. Fideuram Asset Management Ireland dac purchased a new position in shares of Celsius in the fourth quarter valued at $31,000. Brown Brothers Harriman & Co. boosted its position in 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 buying an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 794 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Celsius during the first quarter worth about $56,000. Finally, Ancora Advisors LLC acquired a new position in shares of Celsius in the second quarter worth about $64,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Performance

Shares of CELH opened at $30.66 on Friday. The stock has a market capitalization of $7.76 billion, a PE ratio of 127.75, a price-to-earnings-growth ratio of 2.16 and a beta of 0.93. The business’s fifty day moving average price is $30.27 and its 200 day moving average price is $33.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $66.74.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts forecast that Celsius Holdings Inc. will post 1.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CELH. Bank of America lowered their price objective on Celsius from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Celsius from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research cut shares of Celsius from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Stephens reduced their price objective on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Celsius from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Sixteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $44.94.

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.