OFI Invest Asset Management Takes $22.71 Million Position in Celsius Holdings Inc. $CELH

OFI Invest Asset Management acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH) in the 4th quarter, HoldingsChannel reports. The fund acquired 496,388 shares of the company’s stock, valued at approximately $22,705,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harbor Investment Advisory LLC acquired a new stake in Celsius in the third quarter valued at approximately $27,000. Brown Brothers Harriman & Co. raised its holdings in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Celsius in the fourth quarter valued at approximately $31,000. Cullen Frost Bankers Inc. raised its holdings in Celsius by 697.3% in the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after acquiring an additional 788 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in Celsius by 52.7% in the third quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock valued at $53,000 after acquiring an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $36.02 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.57. The company has a market cap of $9.26 billion, a P/E ratio of 144.08, a PEG ratio of 1.16 and a beta of 1.13. Celsius Holdings Inc. has a 52 week low of $32.36 and a 52 week high of $66.74. The company has a 50-day moving average price of $43.81 and a 200 day moving average price of $48.47.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s revenue was up 117.2% on a year-over-year basis. Research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research analyst reports. Bank of America raised shares of Celsius from an “underperform” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. UBS Group cut their price objective on shares of Celsius from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC raised their price objective on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $65.00 price objective (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.17.

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.