Assenagon Asset Management S.A. Trims Stake in Celsius Holdings Inc. $CELH

Assenagon Asset Management S.A. reduced its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 87.2% in the first quarter, Holdings Channel.com reports. The fund owned 22,746 shares of the company’s stock after selling 155,362 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Celsius were worth $807,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CELH. Vanguard Group Inc. boosted its stake in shares of Celsius by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock valued at $826,750,000 after purchasing an additional 802,743 shares during the period. Geode Capital Management LLC boosted its position in Celsius by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after buying an additional 277,424 shares during the period. Norges Bank purchased a new stake in Celsius in the 4th quarter valued at about $140,803,000. Massachusetts Financial Services Co. MA bought a new position in Celsius in the 4th quarter worth about $115,321,000. Finally, Ameriprise Financial Inc. increased its position in shares of Celsius by 20.9% during the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock worth $114,587,000 after acquiring an additional 426,623 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research analyst reports. Morgan Stanley set a $48.00 target price on Celsius and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. TD Cowen lowered their price objective on shares of Celsius from $66.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, April 20th. UBS Group lowered their price objective on shares of Celsius from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings downgraded shares of Celsius from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $57.00 price target (down from $70.00) on shares of Celsius in a report on Tuesday, May 26th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.90.

Celsius Trading Up 4.0%

Celsius stock opened at $33.16 on Friday. The stock has a 50-day moving average price of $30.54 and a 200 day moving average price of $39.85. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 77.12, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. Celsius Holdings Inc. has a 52 week low of $27.47 and a 52 week high of $66.74. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 0.53.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.41 earnings per share for the quarter, topping 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 firm 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 earned $0.18 earnings per share. The business’s quarterly revenue was up 137.7% compared to the same quarter last year. Sell-side analysts anticipate that Celsius Holdings Inc. will post 1.59 EPS for the current year.

Insider Activity at Celsius

In other news, CEO John Fieldly acquired 8,475 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $29.36 per share, with a total value of $248,826.00. Following the purchase, the chief executive officer directly owned 937,540 shares of the company’s stock, valued at $27,526,174.40. This trade represents a 0.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Hal Kravitz acquired 8,400 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 227,158 shares in the company, valued at approximately $6,753,407.34. This trade represents a 3.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.33% of the stock is currently owned by company insiders.

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.