Cibc World Market Inc. Reduces Stock Holdings in Celsius Holdings Inc. $CELH

Cibc World Market Inc. lessened its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 77.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,588 shares of the company’s stock after selling 207,088 shares during the period. Cibc World Market Inc.’s holdings in Celsius were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Celsius Stock Up 0.7%

CELH stock opened at $44.68 on Monday. Celsius Holdings Inc. has a one year low of $22.25 and a one year high of $66.74. The firm has a market cap of $11.52 billion, a PE ratio of 446.80, a PEG ratio of 0.73 and a beta of 0.90. The firm’s 50 day moving average price is $48.65 and its 200-day moving average price is $52.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CELH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celsius in a report on Thursday, November 6th. KeyCorp initiated coverage on shares of Celsius in a report on Tuesday, December 16th. They set a “sector weight” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Celsius in a research note on Wednesday, January 7th. Finally, Citigroup lowered their price target on shares of Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Eighteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

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.