Thrivent Financial for Lutherans Cuts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Thrivent Financial for Lutherans lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 488,795 shares of the company’s stock after selling 28,063 shares during the quarter. Thrivent Financial for Lutherans owned 0.21% of Celsius worth $27,906,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Celsius by 0.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the period. Moody National Bank Trust Division grew its stake in shares of Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after purchasing an additional 181 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Celsius by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of CELH stock opened at $32.80 on Tuesday. The firm has a market cap of $7.65 billion, a P/E ratio of 36.04, a PEG ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62. The firm’s 50-day simple moving average is $39.99 and its 200-day simple moving average is $63.21.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. Analysts expect that Celsius Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Roth Mkm lowered their price objective on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Wedbush lowered their price objective on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Truist Financial lowered their price objective on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, UBS Group lowered their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $57.64.

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.