South Dakota Investment Council Sells 106,029 Shares of Celsius Holdings Inc. $CELH

South Dakota Investment Council reduced its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 43.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 135,223 shares of the company’s stock after selling 106,029 shares during the quarter. South Dakota Investment Council’s holdings in Celsius were worth $7,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CELH. Alliancebernstein L.P. lifted its position in shares of Celsius by 3.4% during the 2nd quarter. Alliancebernstein L.P. now owns 18,662,921 shares of the company’s stock worth $865,773,000 after purchasing an additional 617,743 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Celsius by 20.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after acquiring an additional 426,623 shares in the last quarter. Holocene Advisors LP boosted its holdings in Celsius by 130.6% during the second quarter. Holocene Advisors LP now owns 2,108,041 shares of the company’s stock valued at $97,792,000 after purchasing an additional 1,193,707 shares in the last quarter. Divisadero Street Capital Management LP grew its position in Celsius by 89.4% in the second quarter. Divisadero Street Capital Management LP now owns 1,497,450 shares of the company’s stock valued at $69,467,000 after acquiring an additional 706,888 shares during the period. Finally, Mane Global Capital Management LP increased its position in shares of Celsius by 121.3% during the 2nd quarter. Mane Global Capital Management LP now owns 1,486,418 shares of the company’s stock worth $68,955,000 after purchasing an additional 814,890 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CELH has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 7th. UBS Group reaffirmed a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Celsius in a report on Wednesday, January 14th. Needham & Company LLC upped their price target on Celsius from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus dropped their price objective on Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Celsius from $68.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $67.72.

Celsius Price Performance

Shares of CELH opened at $47.11 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $49.81 and its 200 day simple moving average is $51.95. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 188.44, a PEG ratio of 1.63 and a beta of 0.89. Celsius Holdings Inc. has a 1-year low of $24.04 and a 1-year high of $66.74.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The business had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. During the same quarter last year, the company posted ($0.11) earnings per share. Celsius’s quarterly revenue was up 117.2% on a year-over-year basis. On average, research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

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.