Thrivent Financial for Lutherans Has $1.15 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Thrivent Financial for Lutherans lowered its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 92.5% during the third quarter, according to its most recent Form 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 period. Thrivent Financial for Lutherans’ holdings in Celsius were worth $1,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. S.A. Mason LLC bought a new position in shares of Celsius in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position 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 during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius during the third quarter valued at about $34,000. Signaturefd LLC grew its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 0.3 %

Celsius stock opened at $28.45 on Monday. The company has a market capitalization of $6.69 billion, a PE ratio of 39.51, a PEG ratio of 3.27 and a beta of 1.86. The firm’s fifty day moving average is $30.35 and its 200 day moving average is $45.52. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 3.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CELH shares. UBS Group reduced their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Maxim Group decreased their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Truist Financial lifted their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. TD Cowen decreased their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.40.

About Celsius

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.