Two Sigma Advisers LP Has $14.56 Million Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

Two Sigma Advisers LP cut its position in Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,900 shares of the company's stock after selling 6,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.34% of Acushnet worth $14,564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock valued at $25,000 after purchasing an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Acushnet by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,100 shares of the company's stock valued at $1,144,000 after purchasing an additional 213 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Acushnet by 1.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,404 shares of the company's stock valued at $953,000 after purchasing an additional 217 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Acushnet by 39.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 818 shares of the company's stock valued at $58,000 after purchasing an additional 232 shares during the period. Finally, Semanteon Capital Management LP boosted its holdings in Acushnet by 3.0% in the 4th quarter. Semanteon Capital Management LP now owns 9,659 shares of the company's stock valued at $687,000 after purchasing an additional 281 shares during the period. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Acushnet Price Performance

Shares of NYSE:GOLF traded up $2.16 during midday trading on Tuesday, reaching $70.51. 50,610 shares of the company's stock were exchanged, compared to its average volume of 522,832. The company's 50 day simple moving average is $65.15 and its two-hundred day simple moving average is $68.10. The firm has a market capitalization of $4.14 billion, a PE ratio of 23.98 and a beta of 0.90. Acushnet Holdings Corp. has a 12 month low of $55.31 and a 12 month high of $76.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10.

Acushnet (NYSE:GOLF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.30. The business had revenue of $703.37 million during the quarter, compared to analysts' expectations of $697.82 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. Equities research analysts expect that Acushnet Holdings Corp. will post 3.06 earnings per share 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, June 6th. Acushnet's dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GOLF shares. KeyCorp increased their price target on shares of Acushnet from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Truist Financial raised their price objective on shares of Acushnet from $64.00 to $65.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Compass Point downgraded shares of Acushnet from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $80.00 to $71.00 in a report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Acushnet has a consensus rating of "Hold" and an average price target of $70.00.

Insider Buying and Selling

In related news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the completion of the sale, the insider now owns 96,006 shares in the company, valued at $6,802,985.16. This trade represents a 17.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 54.60% of the stock is currently owned by corporate insiders.

About Acushnet

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.