Celsius Holdings (CELH) Outperformed on Strong Financial Results

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, mid-cap stocks had negative returns, reversing their positive returns in the first half of the year. The Russell Midcap Growth Index was down 5.22% slightly trailing the Russell Midcap Value Index which was down 4.46%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Mid Cap Growth Fund highlighted stocks like Celsius Holdings, Inc. (NASDAQ:CELH) in the third quarter 2023 investor letter. Headquartered in Boca Raton, Florida, Celsius Holdings, Inc. (NASDAQ:CELH) is a functional drink and liquid supplements manufacturer and distributor.  On October 26, 2023, Celsius Holdings, Inc. (NASDAQ:CELH) stock closed at $160.38 per share. One-month return of Celsius Holdings, Inc. (NASDAQ:CELH) was -6.54%, and its shares gained 74.86% of their value over the last 52 weeks. Celsius Holdings, Inc. (NASDAQ:CELH) has a market capitalization of $12.332 billion.

Carillon Eagle Mid Cap Growth Fund made the following comment about Celsius Holdings, Inc. (NASDAQ:CELH) in its Q3 2023 investor letter:

“Celsius Holdings, Inc. (NASDAQ:CELH) develops, markets, sells, and distributes functional fitness and lifestyle beverages. The stock outperformed, driven by strong financial results that meaningfully surpassed expectations. The company continues to benefit from its distribution agreement with a leading soft-drink bottler as the arrangement enables Celsius to increase its availability dramatically in convenience stores.”

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Celsius Holdings, Inc. (NASDAQ:CELH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Celsius Holdings, Inc. (NASDAQ:CELH) at the end of second quarter which was 24 in the previous quarter.

We discussed Celsius Holdings, Inc. (NASDAQ:CELH) in another article and shared the list of biggest energy drink stocks in the U.S. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.