2 weeks Ago By Defense World Staff
Sei Investments Co. cut its holdings in shares of Topgolf Callaway Brands Corp. (NYSE:MODG – Free Report) by 16.
0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,689 shares of the company’s stock after selling 60,337 shares during the quarter. Sei Investments Co.
owned approximately 0.17% of Topgolf Callaway Brands worth $2,481,000 at the end of the most recent reporting period. Other hedge funds also recently made changes to their positions in the company.
Asset Planning Inc bought a new stake in shares of Topgolf Callaway Brands in the fourth quarter valued at $33,000. KBC Group NV increased its holdings in Topgolf Callaway Brands by 81.8% in the 4th quarter.
KBC Group NV now owns 8,330 shares of the company’s stock worth $65,000 after acquiring an additional 3,749 shares during the last quarter. Xponance Inc. bought a new stake in Topgolf Callaway Brands in the 4th quarter valued at about $87,000.
Cibc World Markets Corp purchased a new stake in Topgolf Callaway Brands during the fourth quarter valued at about $104,000. Finally, PNC Financial Services Group Inc. boosted its position in Topgolf Callaway Brands by 170.
5% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,757 shares of the company’s stock worth $108,000 after purchasing an additional 8,672 shares during the period.
84.69% of the stock is currently owned by institutional investors. Topgolf Callaway Brands Stock Up 3.
9 %Shares of MODG opened at $6.26 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 $5.45 and a 52-week high of $16.
89. The company has a market cap of $1.15 billion, a PE ratio of -78.
18 and a beta of 1.70. The business has a fifty day moving average of $6.
92 and a 200 day moving average of $8.34. Topgolf Callaway Brands (NYSE:MODG – Get Free Report) last posted its quarterly earnings data 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. Topgolf Callaway Brands had a positive return on equity of 1.20% and a negative net margin of 0.
29%. The company had revenue of $924.40 million during the quarter, compared to analysts’ expectations of $1.
13 billion. On average, sell-side analysts expect that Topgolf Callaway Brands Corp. will post 0.
16 EPS for the current year. Analyst Upgrades and DowngradesSeveral brokerages have recently weighed in on MODG. JPMorgan Chase & Co.
reduced their price target on Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd.
Roth Mkm reaffirmed a “buy” rating and set a $11.00 target price (down previously from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th.
Truist Financial lowered their price target 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.
Finally, Jefferies Financial Group raised shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $13.00 in a research note on Thursday, January 2nd.
Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.
91.Read Our Latest Stock Report on Topgolf Callaway BrandsTopgolf Callaway Brands Company Profile (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.Recommended StoriesFive stocks we like better than Topgolf Callaway BrandsWhat is the Dogs of the Dow Strategy? Overview and ExamplesArcher Aviation’s Africa Deal Could Boost ACHR StockHow to buy stock: A step-by-step guide for beginners Are Short Sellers Wrong About These 3 Semiconductor Stocks?Basic Materials Stocks InvestingBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?Want to see what other hedge funds are holding MODG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Topgolf Callaway Brands Corp.
(NYSE:MODG – Free Report)..
