1 day Ago By Defense World Staff
Norges Bank bought a new position in shares of Topgolf Callaway Brands Corp. (NYSE:MODG – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,434 shares of the company’s stock, valued at approximately $129,000.
Other institutional investors have also modified their holdings of the company. MML Investors Services LLC grew its position in Topgolf Callaway Brands by 25.3% during the 3rd quarter.
MML Investors Services LLC now owns 93,897 shares of the company’s stock worth $1,031,000 after purchasing an additional 18,988 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Topgolf Callaway Brands by 0.7% during the third quarter.
Geode Capital Management LLC now owns 3,255,232 shares of the company’s stock worth $35,749,000 after buying an additional 22,003 shares during the last quarter. Boyar Asset Management Inc. increased its position in Topgolf Callaway Brands by 17.
5% in the 3rd quarter. Boyar Asset Management Inc. now owns 104,540 shares of the company’s stock valued at $1,148,000 after acquiring an additional 15,532 shares during the period.
Tidal Investments LLC increased its position in Topgolf Callaway Brands by 35.7% in the 3rd quarter. Tidal Investments LLC now owns 22,302 shares of the company’s stock valued at $245,000 after acquiring an additional 5,862 shares during the period.
Finally, Sterneck Capital Management LLC raised its stake in Topgolf Callaway Brands by 31.0% during the 4th quarter. Sterneck Capital Management LLC now owns 28,672 shares of the company’s stock valued at $225,000 after acquiring an additional 6,786 shares during the last quarter.
84.69% of the stock is owned by institutional investors and hedge funds. Topgolf Callaway Brands Stock PerformanceShares of MODG opened at $6.
24 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.
93 and a debt-to-equity ratio of 0.37. Topgolf Callaway Brands Corp.
has a 52-week low of $5.42 and a 52-week high of $16.89.
The company has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $8.12.
The company has a market capitalization of $1.15 billion, a PE ratio of -77.98 and a beta of 1.
47. Topgolf Callaway Brands (NYSE:MODG – Get Free Report) last issued its earnings results on Monday, February 24th. The company reported ($0.
33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.07.
The company had revenue of $924.40 million during the quarter, compared to analysts’ expectations of $1.13 billion.
Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%.
Equities research analysts predict that Topgolf Callaway Brands Corp. will post 0.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh InMODG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Topgolf Callaway Brands from $11.
00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $11.
00 to $13.00 in a research report on Thursday, January 2nd. Roth Mkm restated a “buy” rating and set a $11.
00 price objective (down previously from $16.00) on shares of Topgolf Callaway Brands in a research report on Tuesday, February 25th. Finally, Truist Financial lowered their target price on shares of Topgolf Callaway Brands from $14.
00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock.
Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.50.
Check Out Our Latest Analysis on MODGAbout Topgolf Callaway Brands (Free Report)Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.
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