Thrivent Financial for Lutherans Sells 452,109 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Thrivent Financial for Lutherans cut its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 92.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,686 shares of the company’s stock after selling 452,109 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Celsius were worth $1,150,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. S.A. Mason LLC bought a new stake in Celsius during the second quarter worth $30,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Celsius in the 2nd quarter valued at about $45,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CELH. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. TD Cowen dropped their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Roth Mkm reduced their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. B. Riley cut their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Jefferies Financial Group decreased their target price on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Performance

NASDAQ:CELH opened at $28.45 on Monday. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 3.27 and a beta of 1.86. The stock has a fifty day moving average price of $30.35 and a 200-day moving average price of $45.52.

Insider Activity

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.