465,470 Shares in Celsius Holdings Inc. $CELH Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 465,470 shares of the company’s stock, valued at approximately $13,629,000.

A number of other hedge funds also recently bought and sold shares of CELH. Fideuram Asset Management Ireland dac purchased a new position in Celsius in the 4th quarter worth approximately $31,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Celsius by 1,020.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after purchasing an additional 794 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Celsius in the first quarter valued at approximately $56,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Celsius in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of a number of analyst reports. Bank of America reduced their price objective on Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Zacks Research cut Celsius from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. JPMorgan Chase & Co. cut their target price on Celsius from $56.00 to $52.00 and set an “overweight” rating for the company 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, Sanford C. Bernstein cut shares of Celsius from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $44.00 to $26.00 in a research report on Friday, August 7th. Nineteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Celsius Price Performance

Shares of NASDAQ CELH opened at $33.36 on Monday. The company has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $34.74. The company has a market capitalization of $8.44 billion, a P/E ratio of 139.00, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. Celsius Holdings Inc. has a 1 year low of $23.56 and a 1 year high of $66.74.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $817.93 million for the quarter, compared to analysts’ expectations of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities research analysts predict that Celsius Holdings Inc. will post 1.47 earnings per share for the current year.

Celsius 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.