Alliancebernstein L.P. Sells 2,564,615 Shares of Celsius Holdings Inc. $CELH

Alliancebernstein L.P. decreased its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,098,306 shares of the company’s stock after selling 2,564,615 shares during the quarter. Alliancebernstein L.P. owned about 6.24% of Celsius worth $925,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new stake in Celsius in the 3rd quarter valued at $27,000. Brown Brothers Harriman & Co. lifted its stake in shares of 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 buying an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of 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 buying an additional 788 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 794 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Celsius by 52.7% during the third quarter. Clearstead Advisors LLC now owns 916 shares of the company’s stock valued at $53,000 after buying an additional 316 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Celsius stock opened at $44.57 on Friday. Celsius Holdings Inc. has a 52 week low of $26.36 and a 52 week high of $66.74. The company’s 50 day moving average price is $49.56 and its two-hundred day moving average price is $51.08. The stock has a market cap of $11.45 billion, a P/E ratio of 178.28, a P/E/G ratio of 1.47 and a beta of 0.89. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.57.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CELH. Needham & Company LLC upped their target price on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings upgraded Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. UBS Group restated a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Celsius in a report on Wednesday, January 14th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Celsius in a research report on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.72.

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.