Natixis Advisors L.P. Buys 37,238 Shares of Acushnet Holdings Corp (NYSE:GOLF)

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 Profile

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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Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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