Celsius Holdings Inc. $CELH Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its position in Celsius Holdings Inc. (NASDAQ:CELH) by 15.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 196,011 shares of the company’s stock after selling 35,170 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Celsius were worth $6,954,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Celsius during the 4th quarter worth $31,000. Fideuram Asset Management Ireland dac purchased a new position in Celsius in the 4th quarter valued at about $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. SOA Wealth Advisors LLC. acquired a new stake in shares of Celsius during the fourth quarter valued at about $46,000. Finally, 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. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Up 0.3%

CELH stock traded up $0.08 during mid-day trading on Friday, hitting $30.60. 5,331,745 shares of the company were exchanged, compared to its average volume of 7,822,112. The firm has a fifty day simple moving average of $30.33 and a 200 day simple moving average of $39.41. The company 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. Celsius Holdings Inc. has a twelve month low of $27.47 and a twelve month high of $66.74. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. Celsius had a net margin of 5.85% and a return on equity of 37.95%. The business had revenue of $782.62 million for the quarter, compared to analyst estimates of $763.08 million. During the same quarter in the prior year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 137.7% on a year-over-year basis. On average, research analysts forecast that Celsius Holdings Inc. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC cut their price target on Celsius from $75.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley set a $48.00 price objective on Celsius and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein restated an “outperform” rating and set a $44.00 price objective on shares of Celsius in a report on Wednesday, June 17th. Bank of America cut their target price on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered Celsius from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.90.

Insider Activity

In other news, CEO John Fieldly bought 8,475 shares of Celsius stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $29.36 per share, with a total value of $248,826.00. Following the acquisition, the chief executive officer directly owned 937,540 shares in the company, valued at approximately $27,526,174.40. This represents a 0.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hal Kravitz bought 8,400 shares of Celsius stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $29.73 per share, for a total transaction of $249,732.00. Following the acquisition, the director owned 227,158 shares in the company, valued at $6,753,407.34. The trade was 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 owned by insiders.

About Celsius

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.