Atria Investments Inc Reduces Position in Acushnet $GOLF

Atria Investments Inc decreased its position in shares of Acushnet (NYSE:GOLF) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,853 shares of the company’s stock after selling 8,135 shares during the period. Atria Investments Inc’s holdings in Acushnet were worth $2,500,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GOLF. Raymond James Financial Inc. grew its position in shares of Acushnet by 0.4% during the second quarter. Raymond James Financial Inc. now owns 952,453 shares of the company’s stock worth $69,358,000 after acquiring an additional 4,243 shares during the last quarter. Geode Capital Management LLC boosted its stake in Acushnet by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 662,194 shares of the company’s stock worth $48,227,000 after purchasing an additional 5,009 shares during the period. Tributary Capital Management LLC grew its position in Acushnet by 92.6% during the 3rd quarter. Tributary Capital Management LLC now owns 457,490 shares of the company’s stock worth $35,908,000 after purchasing an additional 219,895 shares during the last quarter. Bank of America Corp DE grew its position in Acushnet by 31.8% during the 2nd quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock worth $33,312,000 after purchasing an additional 110,245 shares during the last quarter. Finally, Norges Bank acquired a new position in Acushnet in the second quarter valued at $20,963,000. 53.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $84.66, for a total transaction of $1,693,200.00. Following the sale, the insider directly owned 76,006 shares in the company, valued at approximately $6,434,667.96. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 53.60% of the company’s stock.

Acushnet Price Performance

GOLF stock opened at $99.39 on Tuesday. The firm has a 50 day moving average of $90.03 and a 200-day moving average of $82.76. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 27.16 and a beta of 0.89. The company has a current ratio of 2.42, a quick ratio of 1.30 and a debt-to-equity ratio of 1.03. Acushnet has a 12-month low of $55.31 and a 12-month high of $104.81.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Acushnet in a report on Thursday, November 6th. Truist Financial boosted their price target on Acushnet from $74.00 to $95.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Morgan Stanley increased their price objective on Acushnet from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Acushnet in a research note on Wednesday, January 21st. Finally, Zacks Research raised Acushnet from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.83.

Acushnet Company Profile

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.