Fund 1 Investments LLC Sells 1,465,256 Shares of Celsius Holdings Inc. $CELH

Fund 1 Investments LLC trimmed its position in Celsius Holdings Inc. (NASDAQ:CELH) by 70.7% during the second quarter, HoldingsChannel.com reports. The fund owned 606,508 shares of the company’s stock after selling 1,465,256 shares during the period. Celsius makes up approximately 2.9% of Fund 1 Investments LLC’s investment portfolio, making the stock its 11th biggest holding. Fund 1 Investments LLC’s holdings in Celsius were worth $17,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new stake in Celsius in the fourth quarter valued at approximately $31,000. Continuum Advisory LLC bought a new position in shares of Celsius during the second quarter worth $31,000. Brown Brothers Harriman & Co. boosted its position in shares of Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Celsius by 244.3% in the 2nd 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. Finally, Summit Securities Group LLC acquired a new position in shares of Celsius in the 1st quarter valued at $56,000. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 0.3%

Shares of CELH stock opened at $35.23 on Thursday. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $66.74. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $29.94 and a 200-day moving average of $34.45. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 146.79, a P/E/G ratio of 2.95 and a beta of 0.95.

Celsius (NASDAQ:CELH) 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 company had revenue of $817.93 million during the quarter, compared to the consensus estimate of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. As a group, equities research analysts predict that Celsius Holdings Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CELH. Morgan Stanley set a $42.00 price objective on Celsius and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research cut Celsius from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. UBS Group set a $44.00 target price on Celsius and gave the company a “buy” rating in a research note on Friday, August 7th. Stifel Nicolaus set a $37.00 price target on Celsius in a report on Friday, August 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $36.00 price target on shares of Celsius in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $50.05.

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.