Celsius Holdings to Replace American Campus Communities in S&P MidCap 400

Trending News 🌥️

The S&P Dow Jones Indices announced that Celsius Holdings ($NASDAQ:CELH) current S&P SmallCap 600 constituent Celsius Holdings Inc. will replace American Campus Communities Inc. in the S&P MidCap 400. The decision follows Blackstone Inc. acquiring American Campus Communities in a transaction expected to be completed shortly pending final conditions. This change could potentially affect Celsius Holdings market and earnings in the long term.

However, the full extent of the effect is difficult to predict at this time. Investors may want to keep an eye on this development to see how it could impact their holdings in Celsius Holdings.

Market Reaction

On Friday, Celsius Holdings stock opened at $103.4 and closed at $98.6. This was following the news that the company would be replacing American Campus Communities in the S&P MidCap 400.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on CELSIUS HOLDINGS are made simple by VI app. VI Star Chart shows that CELSIUS HOLDINGS is strong in asset, growth, medium in profitability and weak in dividend. CELSIUS HOLDINGS has an intermediate health score of 6/10 with regard to its cashflows and debt, might be able to pay off debt and fund future operations. CELSIUS HOLDINGS is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. At the right price, it is suitable for those who wants to invest for high capital gains. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

American Campus Communities is being acquired by Greystar Real Estate Partners, LLC in a transaction expected to be completed on or about July

Celsius Holdings, Inc. is a holding company that conducts operations through its subsidiaries. The Company, through its subsidiaries, markets and sells calorie-burning fitness drinks under the Celsius brand name. The Company sells its products through grocery stores, drug stores, office stores, fitness centers and gyms, military exchanges, e-commerce channels and direct selling associations.