Thrivent Financial for Lutherans Increases Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Thrivent Financial for Lutherans lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 105.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,415 shares of the company’s stock after acquiring an additional 38,729 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Celsius were worth $1,986,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Tocqueville Asset Management L.P. purchased a new stake in shares of Celsius during the 4th quarter valued at $5,435,000. Gallacher Capital Management LLC grew its position in Celsius by 6.6% during the fourth quarter. Gallacher Capital Management LLC now owns 9,144 shares of the company’s stock valued at $241,000 after buying an additional 565 shares during the period. Royce & Associates LP increased its holdings in Celsius by 505.9% during the fourth quarter. Royce & Associates LP now owns 51,500 shares of the company’s stock worth $1,357,000 after buying an additional 43,000 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Celsius in the fourth quarter worth about $2,445,000. Finally, Commonwealth Equity Services LLC boosted its stake in Celsius by 107.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 65,400 shares of the company’s stock valued at $1,723,000 after acquiring an additional 33,805 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $33.65 on Friday. The firm has a fifty day moving average price of $26.86 and a two-hundred day moving average price of $28.83. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 76.48, a PEG ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CELH. Roth Mkm restated a “buy” rating and set a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. Needham & Company LLC raised their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. UBS Group dropped their price target on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Finally, TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.41.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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.