Jane Street Group LLC Reduces Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

Jane Street Group LLC reduced its position in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 97.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,786 shares of the company's stock after selling 495,919 shares during the quarter. Jane Street Group LLC's holdings in Acushnet were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its position in Acushnet by 4.3% during the 4th quarter. Sei Investments Co. now owns 102,137 shares of the company's stock valued at $7,260,000 after acquiring an additional 4,256 shares in the last quarter. Principal Financial Group Inc. boosted its position in Acushnet by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,024,023 shares of the company's stock valued at $72,783,000 after acquiring an additional 10,166 shares in the last quarter. Renaissance Technologies LLC boosted its position in Acushnet by 93.1% during the 4th quarter. Renaissance Technologies LLC now owns 19,693 shares of the company's stock valued at $1,400,000 after acquiring an additional 9,493 shares in the last quarter. Atria Investments Inc boosted its position in Acushnet by 35.0% during the 4th quarter. Atria Investments Inc now owns 31,890 shares of the company's stock valued at $2,267,000 after acquiring an additional 8,268 shares in the last quarter. Finally, Barclays PLC boosted its position in Acushnet by 361.5% during the 3rd quarter. Barclays PLC now owns 48,563 shares of the company's stock valued at $3,096,000 after acquiring an additional 38,041 shares in the last quarter. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. KeyCorp boosted their target price on Acushnet from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Compass Point downgraded Acushnet from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $71.00 in a research note on Monday, May 5th. Truist Financial boosted their target price on Acushnet from $64.00 to $65.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded Acushnet from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Acushnet has an average rating of "Hold" and a consensus price target of $70.00.

Acushnet Price Performance

NYSE:GOLF traded down $1.74 during trading hours on Wednesday, hitting $68.68. 141,500 shares of the stock were exchanged, compared to its average volume of 378,858. Acushnet Holdings Corp. has a 52-week low of $55.31 and a 52-week high of $76.65. The firm's fifty day moving average price is $65.23 and its 200 day moving average price is $68.11. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.04 billion, a P/E ratio of 23.36 and a beta of 0.90.

Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.30. The business had revenue of $703.37 million during the quarter, compared to analyst estimates of $697.82 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, equities research analysts anticipate that Acushnet Holdings Corp. will post 3.06 EPS for the current fiscal year.

Acushnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, June 6th. Acushnet's dividend payout ratio is presently 26.11%.

Insider Activity at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $70.86, for a total value of $1,417,200.00. Following the transaction, the insider now directly owns 96,006 shares in the company, valued at approximately $6,802,985.16. This represents a 17.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 54.60% of the stock is currently owned by insiders.

Acushnet Company Profile

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.