Natixis Advisors L.P. raised its holdings in shares of Acushnet Holdings Corp (NYSE:GOLF) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,024 shares of the company’s stock after buying an additional 37,238 shares during the quarter. Natixis Advisors L.P. owned about 0.16% of Acushnet worth $3,836,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of GOLF. Tower Research Capital LLC TRC boosted its holdings in shares of Acushnet by 3,520.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,231 shares of the company’s stock worth $32,000 after purchasing an additional 1,197 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Acushnet by 41.6% during the third quarter. Public Employees Retirement System of Ohio now owns 1,441 shares of the company’s stock valued at $38,000 after acquiring an additional 423 shares during the period. Russell Investments Group Ltd. bought a new stake in Acushnet during the third quarter valued at about $139,000. Robeco Institutional Asset Management B.V. bought a new stake in Acushnet during the fourth quarter valued at about $189,000. Finally, Royal Bank of Canada raised its holdings in Acushnet by 54.4% during the second quarter. Royal Bank of Canada now owns 9,723 shares of the company’s stock valued at $254,000 after acquiring an additional 3,425 shares during the period. Institutional investors and hedge funds own 46.11% of the company’s stock.
GOLF stock traded down $0.17 during midday trading on Friday, hitting $25.40. The company’s stock had a trading volume of 21,893 shares, compared to its average volume of 251,850. The company has a quick ratio of 1.06, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Acushnet Holdings Corp has a 52-week low of $22.30 and a 52-week high of $33.50. The firm has a market capitalization of $2.02 billion, a P/E ratio of 16.82, a PEG ratio of 3.18 and a beta of 1.03. The firm has a 50-day simple moving average of $30.98 and a 200-day simple moving average of $29.29.
Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Acushnet had a net margin of 6.92% and a return on equity of 12.07%. The firm had revenue of $368.30 million for the quarter, compared to analyst estimates of $362.66 million. During the same period last year, the business earned $0.15 EPS. Acushnet’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Acushnet Holdings Corp will post 1.6 earnings per share for the current fiscal year.
A number of research firms have commented on GOLF. Morgan Stanley set a $28.00 price target on Acushnet and gave the company a “hold” rating in a report on Friday, November 1st. Imperial Capital lifted their target price on Acushnet from $24.00 to $27.00 and gave the stock an “inline” rating in a report on Friday, November 1st. Needham & Company LLC reduced their target price on Acushnet from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday. Stephens reduced their target price on Acushnet from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Jefferies Financial Group cut Acushnet from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Monday, January 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.41.
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.
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