Fortis Group Advisors LLC Takes $852,000 Position in Celsius Holdings Inc. $CELH

Fortis Group Advisors LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,138 shares of the company’s stock, valued at approximately $852,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC purchased a new position in shares of Celsius in the second quarter valued at approximately $5,386,000. Allworth Financial LP raised its stake in Celsius by 1,993.0% in the 2nd quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock valued at $517,000 after purchasing an additional 10,603 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Celsius by 249.5% in the 2nd quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock valued at $60,407,000 after purchasing an additional 929,597 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Celsius in the 3rd quarter valued at $1,619,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Celsius during the 2nd quarter worth $297,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ CELH opened at $43.91 on Wednesday. The stock has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $52.10. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a market cap of $11.32 billion, a PE ratio of 439.10, a P/E/G ratio of 0.73 and a beta of 0.90. Celsius Holdings Inc. has a twelve month low of $22.25 and a twelve month high of $66.74.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CELH. Weiss Ratings reiterated a “sell (d+)” rating on shares of Celsius in a research report on Monday, December 29th. Citigroup cut their price objective on shares of Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 7th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Celsius in a report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $65.00 price objective (up previously from $61.00) on shares of Celsius in a research report on Thursday, January 29th. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

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.