Topgolf Callaway Brands Corp. (NYSE:MODG) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its position in Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) by 72.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,847 shares of the company's stock after selling 133,153 shares during the period. Aquatic Capital Management LLC's holdings in Topgolf Callaway Brands were worth $392,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Topgolf Callaway Brands by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,860,996 shares of the company's stock valued at $124,667,000 after purchasing an additional 224,578 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Topgolf Callaway Brands by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,286,719 shares of the company's stock worth $17,974,000 after purchasing an additional 291,052 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Topgolf Callaway Brands by 97.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,152,565 shares of the company's stock valued at $16,919,000 after buying an additional 1,063,033 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in Topgolf Callaway Brands by 10.6% in the 4th quarter. Long Focus Capital Management LLC now owns 2,038,000 shares of the company's stock worth $16,019,000 after buying an additional 195,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Topgolf Callaway Brands by 14.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,886,496 shares of the company's stock worth $14,828,000 after buying an additional 241,755 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company's stock.

Analyst Ratings Changes

MODG has been the topic of several research reports. Truist Financial decreased their target price on Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.00.

Topgolf Callaway Brands Trading Up 0.8 %

Topgolf Callaway Brands stock traded up $0.06 during midday trading on Tuesday, hitting $6.87. 1,587,454 shares of the stock were exchanged, compared to its average volume of 2,690,343. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock's 50-day simple moving average is $6.38 and its 200 day simple moving average is $7.67. Topgolf Callaway Brands Corp. has a fifty-two week low of $5.42 and a fifty-two week high of $16.89. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -85.80 and a beta of 1.25.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.07. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. The business had revenue of $924.40 million during the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.

Topgolf Callaway Brands Company Profile

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.