Jane Street Group LLC Buys 445,281 Shares of Acushnet Holdings Corp. (NYSE:GOLF)

Jane Street Group LLC increased its stake in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 702.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,705 shares of the company's stock after purchasing an additional 445,281 shares during the quarter. Jane Street Group LLC owned about 0.84% of Acushnet worth $32,430,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its position in Acushnet by 5.5% during the 3rd quarter. Two Sigma Advisers LP now owns 211,600 shares of the company's stock valued at $13,490,000 after purchasing an additional 11,000 shares during the period. Quarry LP increased its holdings in Acushnet by 745.6% in the third quarter. Quarry LP now owns 1,057 shares of the company's stock valued at $67,000 after purchasing an additional 932 shares during the last quarter. Point72 DIFC Ltd lifted its stake in Acushnet by 1,627.4% in the third quarter. Point72 DIFC Ltd now owns 5,666 shares of the company's stock valued at $361,000 after buying an additional 5,338 shares during the period. Point72 Asset Management L.P. boosted its stake in Acushnet by 258.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 266,200 shares of the company's stock worth $16,970,000 after acquiring an additional 192,034 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Acushnet by 28.7% during the third quarter. Janus Henderson Group PLC now owns 43,747 shares of the company's stock valued at $2,789,000 after purchasing an additional 9,751 shares during the period. Institutional investors own 53.12% of the company's stock.

Insider Transactions at Acushnet

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.91, for a total value of $369,550.00. Following the sale, the insider now owns 88,710 shares in the company, valued at approximately $6,556,556.10. The trade was a 5.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Jefferies Financial Group cut shares of Acushnet from a "buy" rating to a "hold" rating and lowered their price objective for the company from $86.00 to $75.00 in a research report on Tuesday, September 17th. Truist Financial raised their price target on Acushnet from $65.00 to $68.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.40.

Acushnet Stock Performance

Shares of Acushnet stock traded up $1.27 on Monday, hitting $75.48. The stock had a trading volume of 335,217 shares, compared to its average volume of 308,342. The business's 50 day moving average is $66.60 and its two-hundred day moving average is $65.94. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 25.51 and a beta of 0.88. Acushnet Holdings Corp. has a twelve month low of $56.74 and a twelve month high of $76.38. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79.

Acushnet (NYSE:GOLF - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.10. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The business had revenue of $620.50 million for the quarter, compared to the consensus estimate of $620.40 million. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Acushnet Holdings Corp. will post 3.06 EPS for the current year.

Acushnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Acushnet's dividend payout ratio (DPR) is 29.25%.

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.