Zacks Investment Research cut shares of Celsius (NASDAQ:CELH) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Celsius Holdings, Inc. specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. Celsius Holdings, Inc. markets Celsius®, the calorie burner, through its wholly-owned operating subsidiary, Celsius, Inc. The Company sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. The Company’s products are produced in Mooresville, North Carolina, and Monroe, Wisconsin. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. The Company serves customers in the United States and internationally. Celsius Holdings, Inc. is based in Delray Beach, Florida. “

Other equities analysts have also issued reports about the company. Maxim Group reaffirmed a buy rating and issued a $8.00 target price on shares of Celsius in a research report on Thursday, March 14th. TheStreet lowered Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st.

Shares of CELH opened at $4.10 on Wednesday. The firm has a 50 day simple moving average of $4.04. Celsius has a 52-week low of $3.05 and a 52-week high of $5.00. The company has a current ratio of 3.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.37.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Celsius had a negative return on equity of 59.91% and a net margin of 5.97%. The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $14.26 million. Sell-side analysts expect that Celsius will post -0.01 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Celsius during the 1st quarter valued at approximately $71,000. Arcus Capital Partners LLC raised its position in shares of Celsius by 309.6% during the 1st quarter. Arcus Capital Partners LLC now owns 21,341,255 shares of the company’s stock valued at $90,914,000 after acquiring an additional 16,130,891 shares in the last quarter. BlackRock Inc. raised its position in shares of Celsius by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,149,883 shares of the company’s stock valued at $3,991,000 after acquiring an additional 9,145 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Celsius by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 175,212 shares of the company’s stock valued at $607,000 after acquiring an additional 10,525 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its position in shares of Celsius by 51.6% during the 1st quarter. Anchor Capital Advisors LLC now owns 239,630 shares of the company’s stock valued at $1,021,000 after acquiring an additional 81,608 shares in the last quarter. 48.26% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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