Acushnet Holdings Corp. (NYSE:GOLF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 97.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Acushnet by 100.6% during the fourth quarter. Blue Trust Inc. now owns 351 shares of the company's stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Berry Wealth Group LP bought a new stake in Acushnet in the 4th quarter worth about $202,000. Leavell Investment Management Inc. bought a new stake in Acushnet in the 4th quarter worth about $210,000. Corient Private Wealth LLC bought a new stake in shares of Acushnet during the 4th quarter valued at about $210,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Acushnet during the 4th quarter valued at about $221,000. 53.12% of the stock is currently owned by institutional investors.

Acushnet Stock Up 0.2%

NYSE GOLF traded up $0.13 during trading on Thursday, hitting $68.45. The company's stock had a trading volume of 284,384 shares, compared to its average volume of 380,095. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14. The company has a market cap of $4.02 billion, a PE ratio of 23.28 and a beta of 0.90. The business's 50 day simple moving average is $65.30 and its 200-day simple moving average is $68.09. Acushnet Holdings Corp. has a fifty-two week low of $55.31 and a fifty-two week high of $76.65.

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

Acushnet Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on GOLF shares. Truist Financial upped their price target on Acushnet from $64.00 to $65.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. KeyCorp raised their price target on Acushnet from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Compass Point lowered Acushnet from a "buy" rating to a "neutral" rating and cut their target price for the company from $80.00 to $71.00 in a research note on Monday, May 5th. Finally, Wall Street Zen lowered 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $70.00.

Insider Activity 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 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 sale, the insider now owns 96,006 shares in the company, valued at approximately $6,802,985.16. This represents a 17.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 54.60% of the stock is owned by insiders.

Acushnet 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.