Bayforest Capital Ltd Lowers Holdings in Celsius Holdings Inc. $CELH

Bayforest Capital Ltd trimmed its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 87.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,146 shares of the company’s stock after selling 15,396 shares during the quarter. Bayforest Capital Ltd’s holdings in Celsius were worth $98,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA acquired a new stake in Celsius in the 4th quarter worth about $115,321,000. Ameriprise Financial Inc. lifted its stake in Celsius by 20.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock worth $114,587,000 after purchasing an additional 426,623 shares in the last quarter. Invesco Ltd. lifted its stake in Celsius by 13.0% in the 3rd quarter. Invesco Ltd. now owns 1,801,922 shares of the company’s stock worth $103,592,000 after purchasing an additional 207,824 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Celsius by 389.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after purchasing an additional 1,362,867 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Celsius by 2.2% in the 3rd quarter. Northern Trust Corp now owns 1,420,607 shares of the company’s stock worth $81,671,000 after purchasing an additional 30,129 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Piper Sandler reissued an “overweight” rating and issued a $65.00 target price (up from $61.00) on shares of Celsius in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Citigroup decreased their target price on shares of Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Roth Mkm reissued a “buy” rating on shares of Celsius in a research note on Monday, February 9th. Twenty research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $65.89.

Celsius Price Performance

Celsius stock opened at $33.26 on Thursday. The stock has a market cap of $8.54 billion, a P/E ratio of 133.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13. The company has a fifty day simple moving average of $40.83 and a 200-day simple moving average of $47.03. Celsius Holdings Inc. has a 12-month low of $32.30 and a 12-month high of $66.74. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $721.63 million during the quarter, compared to analysts’ expectations of $638.17 million. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company’s revenue for the quarter was up 117.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) EPS. Equities analysts expect that Celsius Holdings Inc. will post 1.59 EPS for the current fiscal year.

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.