PDT Partners LLC Has $86,000 Stock Holdings in Topgolf Callaway Brands Corp. (NYSE:MODG)

PDT Partners LLC reduced its position in Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) by 93.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,924 shares of the company's stock after selling 165,202 shares during the period. PDT Partners LLC's holdings in Topgolf Callaway Brands were worth $86,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Planning Inc acquired a new stake in shares of Topgolf Callaway Brands in the fourth quarter valued at approximately $33,000. Sterling Capital Management LLC lifted its holdings in Topgolf Callaway Brands by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock valued at $36,000 after purchasing an additional 4,050 shares during the last quarter. KBC Group NV boosted its position in Topgolf Callaway Brands by 81.8% during the fourth quarter. KBC Group NV now owns 8,330 shares of the company's stock worth $65,000 after purchasing an additional 3,749 shares during the period. Covestor Ltd increased its holdings in shares of Topgolf Callaway Brands by 147.2% in the fourth quarter. Covestor Ltd now owns 9,286 shares of the company's stock valued at $73,000 after purchasing an additional 5,530 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Topgolf Callaway Brands in the fourth quarter valued at about $83,000. Institutional investors own 84.69% of the company's stock.

Topgolf Callaway Brands Price Performance

MODG stock opened at $6.84 on Friday. The company's 50-day moving average price is $6.38 and its two-hundred day moving average price is $7.72. The firm has a market cap of $1.26 billion, a P/E ratio of -85.49 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. Topgolf Callaway Brands Corp. has a 12 month low of $5.42 and a 12 month high of $16.89.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.13 billion. On average, analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

MODG has been the subject of several research analyst reports. Truist Financial reduced their target price on shares of Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Finally, Roth Mkm reissued a "buy" rating and set a $11.00 price target (down 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.00.

Topgolf Callaway Brands 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.