In the third quarter, Diversified Trust Co cut its position in Celsius Holdings Inc. by 56.8%, selling 13,700 shares and ending the period with 10,403 shares valued at approximately $598,000. This significant reduction contrasts with Celsius’s broader institutional ownership, which stands at just over 60.9%, and suggests a tactical reallocation of Diversified Trust’s portfolio away from high-growth beverage names in favor of other opportunities.

Other asset managers made smaller adjustments to their Celsius stakes in the second quarter. ProShare Advisors added 261 shares, boosting its holding by 3.9% to 6,970 shares (worth $323,000), while Blue Chip Partners increased its position by 2.4% to 11,701 shares ($543,000). Quadrant Capital Group grew holdings by 1.6% to 18,221 shares ($845,000), and UMB Bank n.a. expanded by 24.7% to 1,778 shares ($82,000). These incremental moves underscore continued confidence from mid-sized institutions despite volatility in the sector.

On November 6, Celsius reported third-quarter revenue of $725.1 million, representing a 172.9% year-over-year increase, well above the $703.7 million consensus. Earnings per share of $0.42 beat analysts’ estimates by $0.14. The company delivered a 41.9% return on equity and a net margin of 3.03%, reflecting operational leverage as volume scaled. Management reiterated its full-year EPS guidance near $0.89, supported by expanding distribution and new product introductions in powder and non-carbonated segments.

Insiders have been active: director Hal Kravitz added 10,000 shares, a 4.85% increase in his stake, while major shareholder William Milmoe sold 40,000 shares, trimming his position by 15.3%. On the research front, twenty analysts maintain Buy ratings, three rate the stock Hold and two have issued Sell opinions. The consensus earnings multiple stands at a price-to-earnings ratio near 477.5 and a PEG ratio of 0.75, indicating growth expectations remain baked into valuation.