Long Focus Capital Management LLC Buys 195,000 Shares of Topgolf Callaway Brands Corp. (NYSE:MODG)

Long Focus Capital Management LLC raised its stake in Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,038,000 shares of the company's stock after buying an additional 195,000 shares during the period. Long Focus Capital Management LLC owned about 1.11% of Topgolf Callaway Brands worth $16,019,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Augustine Asset Management Inc. lifted its stake in shares of Topgolf Callaway Brands by 7.4% in the 4th quarter. Augustine Asset Management Inc. now owns 21,843 shares of the company's stock valued at $172,000 after purchasing an additional 1,500 shares during the period. MetLife Investment Management LLC lifted its stake in Topgolf Callaway Brands by 2.9% in the fourth quarter. MetLife Investment Management LLC now owns 82,820 shares of the company's stock valued at $651,000 after buying an additional 2,303 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Topgolf Callaway Brands by 7.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,329 shares of the company's stock valued at $293,000 after buying an additional 2,712 shares during the period. KBC Group NV boosted its holdings in shares of Topgolf Callaway Brands by 81.8% during the 4th quarter. KBC Group NV now owns 8,330 shares of the company's stock worth $65,000 after buying an additional 3,749 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Topgolf Callaway Brands by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock worth $36,000 after buying an additional 4,050 shares during the period. 84.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MODG. Truist Financial cut their target price on shares of Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group upgraded Topgolf Callaway Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $11.00 to $13.00 in a report on Thursday, January 2nd. Finally, Roth Mkm restated a "buy" rating and set a $11.00 price objective (down previously from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.00.

Topgolf Callaway Brands Stock Up 0.1 %

Shares of NYSE MODG traded up $0.01 during trading on Monday, hitting $6.72. The stock had a trading volume of 803,280 shares, compared to its average volume of 3,102,555. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. The firm has a fifty day moving average of $6.40 and a two-hundred day moving average of $7.83. Topgolf Callaway Brands Corp. has a 12 month low of $5.42 and a 12 month high of $16.89. The company has a market capitalization of $1.23 billion, a PE ratio of -83.93 and a beta of 1.47.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.07. The firm had revenue of $924.40 million during the quarter, compared to analyst estimates of $1.13 billion. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. As a group, equities research analysts forecast that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current fiscal 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.