Champlain Investment Partners LLC Sells 1,080,312 Shares of Celsius Holdings Inc. $CELH

Champlain Investment Partners LLC decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 55.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 882,820 shares of the company’s stock after selling 1,080,312 shares during the period. Champlain Investment Partners LLC’s holdings in Celsius were worth $50,753,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CELH. Lisanti Capital Growth LLC purchased a new position in Celsius during the second quarter valued at approximately $5,386,000. Allworth Financial LP boosted its stake in Celsius by 1,993.0% during the second 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 during the period. Hood River Capital Management LLC increased its stake in Celsius by 249.5% in the 2nd quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock worth $60,407,000 after acquiring an additional 929,597 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Celsius in the 3rd quarter valued at about $1,619,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Celsius during the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

CELH opened at $47.11 on Wednesday. The stock’s 50 day moving average price is $49.81 and its 200-day moving average price is $51.95. Celsius Holdings Inc. has a 52-week low of $24.04 and a 52-week high of $66.74. The stock has a market capitalization of $12.14 billion, a PE ratio of 188.44, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68.

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

Analysts Set New Price Targets

Several research firms recently weighed in on CELH. JPMorgan Chase & Co. upped their price objective on shares of Celsius from $68.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Stifel Nicolaus reduced their target price on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Piper Sandler reiterated an “overweight” rating and issued a $65.00 price objective (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Finally, UBS Group reissued a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Celsius in a research note on Wednesday, January 14th. Nineteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $67.72.

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.