Susquehanna Fundamental Investments LLC Invests $2.80 Million in Topgolf Callaway Brands Corp. (NYSE:MODG)

Susquehanna Fundamental Investments LLC acquired a new position in Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 355,788 shares of the company's stock, valued at approximately $2,796,000. Susquehanna Fundamental Investments LLC owned 0.19% of Topgolf Callaway Brands as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MODG. Asset Planning Inc acquired a new position in Topgolf Callaway Brands in the fourth quarter worth approximately $33,000. Sterling Capital Management LLC increased its position in Topgolf Callaway Brands by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 4,543 shares of the company's stock worth $36,000 after acquiring an additional 4,050 shares during the period. KBC Group NV raised its position in shares of Topgolf Callaway Brands by 81.8% during the fourth quarter. KBC Group NV now owns 8,330 shares of the company's stock valued at $65,000 after buying an additional 3,749 shares during the last quarter. Covestor Ltd lifted its position in shares of Topgolf Callaway Brands by 147.2% in the 4th quarter. Covestor Ltd now owns 9,286 shares of the company's stock worth $73,000 after acquiring an additional 5,530 shares during the period. Finally, Stifel Financial Corp bought a new position in Topgolf Callaway Brands in the fourth quarter worth $83,000. 84.69% of the stock is currently owned by hedge funds and other institutional investors.

Topgolf Callaway Brands Stock Performance

NYSE MODG traded up $0.18 on Friday, reaching $6.84. The stock had a trading volume of 1,830,850 shares, compared to its average volume of 2,692,720. Topgolf Callaway Brands Corp. has a 1-year low of $5.42 and a 1-year high of $16.89. The company has a market cap of $1.26 billion, a P/E ratio of -85.49 and a beta of 1.47. The firm has a fifty day moving average of $6.38 and a two-hundred day moving average of $7.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14.

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, topping analysts' consensus estimates of ($0.40) by $0.07. The firm had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. Topgolf Callaway Brands had a positive return on equity of 1.20% and a negative net margin of 0.29%. On average, equities research analysts anticipate that Topgolf Callaway Brands Corp. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Roth Mkm restated a "buy" rating and set a $11.00 price target (down previously from $16.00) on shares of Topgolf Callaway Brands in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, Truist Financial decreased their price target on Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.00.

About Topgolf Callaway Brands

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.