First National Bank of Omaha Makes New $556,000 Investment in Acushnet $GOLF

First National Bank of Omaha bought a new stake in Acushnet (NYSE:GOLF) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 7,087 shares of the company’s stock, valued at approximately $556,000.

A number of other hedge funds have also recently modified their holdings of GOLF. PNC Financial Services Group Inc. increased its stake in Acushnet by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,046 shares of the company’s stock valued at $553,000 after purchasing an additional 140 shares during the period. Public Sector Pension Investment Board boosted its position in Acushnet by 19.2% during the third quarter. Public Sector Pension Investment Board now owns 107,493 shares of the company’s stock worth $8,437,000 after acquiring an additional 17,319 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Acushnet by 3.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 14,205 shares of the company’s stock worth $1,115,000 after buying an additional 410 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Acushnet by 2.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 14,245 shares of the company’s stock valued at $1,118,000 after buying an additional 341 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Acushnet by 313.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,376 shares of the company’s stock valued at $186,000 after purchasing an additional 1,801 shares in the last quarter. 53.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 76,006 shares of the company’s stock, valued at $6,434,667.96. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 53.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Acushnet in a report on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Acushnet in a research report on Wednesday, January 21st. Zacks Research downgraded Acushnet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their price target on Acushnet from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Truist Financial increased their target price on shares of Acushnet from $74.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.83.

Acushnet Price Performance

GOLF opened at $99.98 on Friday. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 27.32 and a beta of 0.89. The stock has a fifty day moving average price of $90.96 and a 200 day moving average price of $83.16. Acushnet has a 1 year low of $55.31 and a 1 year high of $104.81. 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 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.