ProShare Advisors LLC Raises Position in Acushnet Holdings Corp. (NYSE:GOLF)

ProShare Advisors LLC raised its stake in shares of Acushnet Holdings Corp. (NYSE:GOLFGet Rating) by 70.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,489 shares of the company’s stock after purchasing an additional 3,095 shares during the period. ProShare Advisors LLC’s holdings in Acushnet were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of GOLF. O Shares Investment Advisers LLC raised its holdings in shares of Acushnet by 2.3% in the fourth quarter. O Shares Investment Advisers LLC now owns 10,929 shares of the company’s stock worth $580,000 after buying an additional 248 shares during the period. Voya Investment Management LLC raised its holdings in shares of Acushnet by 2.0% in the third quarter. Voya Investment Management LLC now owns 14,306 shares of the company’s stock worth $668,000 after buying an additional 282 shares during the period. NewEdge Wealth LLC raised its holdings in shares of Acushnet by 0.8% in the third quarter. NewEdge Wealth LLC now owns 44,121 shares of the company’s stock worth $2,060,000 after buying an additional 345 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Acushnet by 1.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,224 shares of the company’s stock worth $1,038,000 after buying an additional 368 shares during the period. Finally, Dupont Capital Management Corp raised its holdings in shares of Acushnet by 2.1% in the fourth quarter. Dupont Capital Management Corp now owns 18,359 shares of the company’s stock worth $974,000 after buying an additional 383 shares during the period. Institutional investors and hedge funds own 49.45% of the company’s stock.

Shares of NYSE GOLF opened at $42.55 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.07 billion, a PE ratio of 18.18 and a beta of 0.76. The stock’s fifty day simple moving average is $41.78 and its two-hundred day simple moving average is $47.40. Acushnet Holdings Corp. has a 12-month low of $39.59 and a 12-month high of $57.87.

Acushnet (NYSE:GOLFGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.30. The business had revenue of $606.10 million for the quarter, compared to analysts’ expectations of $571.20 million. Acushnet had a return on equity of 15.37% and a net margin of 8.05%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. On average, equities analysts predict that Acushnet Holdings Corp. will post 2.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, June 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.72 annualized dividend and a yield of 1.69%. Acushnet’s dividend payout ratio (DPR) is presently 30.77%.

Several equities research analysts have recently weighed in on GOLF shares. Zacks Investment Research downgraded Acushnet from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Compass Point raised Acushnet from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, January 18th. StockNews.com began coverage on Acushnet in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. KeyCorp dropped their price objective on Acushnet from $63.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. Finally, Truist Financial dropped their price objective on Acushnet from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 11th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.14.

Acushnet Profile (Get Rating)

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.

Read More

Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.