Natixis Advisors L.P. raised its position in Acushnet Holdings Corp (NYSE:GOLF) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,024 shares of the company’s stock after purchasing an additional 37,238 shares during the quarter. Natixis Advisors L.P.’s holdings in Acushnet were worth $3,836,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Acushnet by 5.8% in the fourth quarter. Principal Financial Group Inc. now owns 3,124,058 shares of the company’s stock valued at $101,531,000 after buying an additional 170,403 shares during the period. State Street Corp boosted its position in shares of Acushnet by 2.7% during the third quarter. State Street Corp now owns 710,923 shares of the company’s stock valued at $18,768,000 after buying an additional 18,457 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Acushnet by 80.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 467,827 shares of the company’s stock valued at $10,826,000 after buying an additional 208,527 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Acushnet by 10.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 323,707 shares of the company’s stock valued at $10,521,000 after buying an additional 30,903 shares during the period. Finally, Comerica Bank boosted its position in shares of Acushnet by 37.3% during the third quarter. Comerica Bank now owns 242,008 shares of the company’s stock valued at $6,929,000 after buying an additional 65,709 shares during the period. Hedge funds and other institutional investors own 46.11% of the company’s stock.
Several research analysts have issued reports on GOLF shares. Zacks Investment Research lowered Acushnet from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Wednesday, January 1st. Needham & Company LLC dropped their target price on Acushnet from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday. SunTrust Banks set a $26.00 target price on Acushnet and gave the company a “hold” rating in a research report on Friday, November 1st. Compass Point upgraded Acushnet from a “neutral” rating to a “buy” rating in a report on Thursday, January 2nd. Finally, Imperial Capital boosted their price target on Acushnet from $24.00 to $27.00 and gave the company an “inline” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.41.
Shares of NYSE GOLF traded down $0.17 during trading hours on Friday, reaching $25.40. The stock had a trading volume of 21,893 shares, compared to its average volume of 251,850. The company has a current ratio of 1.95, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 3.18 and a beta of 1.03. The business’s fifty day moving average price is $30.98 and its two-hundred day moving average price is $29.29. Acushnet Holdings Corp has a 52-week low of $22.30 and a 52-week high of $33.50.
Acushnet (NYSE:GOLF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $368.30 million during the quarter, compared to the consensus estimate of $362.66 million. Acushnet had a net margin of 6.92% and a return on equity of 12.07%. Acushnet’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities research analysts anticipate that Acushnet Holdings Corp will post 1.6 earnings per share for the current fiscal year.
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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