SG Americas Securities LLC Has $140,000 Stock Holdings in Acushnet Holdings Corp. (NYSE:GOLF)

SG Americas Securities LLC reduced its stake in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 83.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,969 shares of the company's stock after selling 9,871 shares during the period. SG Americas Securities LLC's holdings in Acushnet were worth $140,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brown Lisle Cummings Inc. bought a new position in shares of Acushnet in the third quarter worth about $40,000. Prospera Private Wealth LLC bought a new position in shares of Acushnet in the third quarter worth about $41,000. nVerses Capital LLC bought a new position in shares of Acushnet in the third quarter worth about $57,000. Quarry LP increased its stake in shares of Acushnet by 745.6% in the third quarter. Quarry LP now owns 1,057 shares of the company's stock worth $67,000 after purchasing an additional 932 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Acushnet by 1,719.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,219 shares of the company's stock worth $78,000 after purchasing an additional 1,152 shares during the period. 53.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered Acushnet from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd. Truist Financial boosted their price target on Acushnet from $65.00 to $68.00 and gave the company a "hold" rating in a research note on Friday, November 8th.

Acushnet Stock Performance

GOLF traded down $1.45 on Friday, hitting $66.76. 461,069 shares of the stock traded hands, compared to its average volume of 539,789. Acushnet Holdings Corp. has a 52 week low of $58.54 and a 52 week high of $76.65. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.06 billion, a PE ratio of 22.71 and a beta of 0.86. The business has a fifty day moving average price of $70.33 and a two-hundred day moving average price of $67.80.

Insider Activity at Acushnet

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of Acushnet stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $73.91, for a total transaction of $369,550.00. Following the sale, the insider now directly owns 88,710 shares of the company's stock, valued at approximately $6,556,556.10. The trade was a 5.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 54.60% of the company's stock.

Acushnet Company 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.