Acushnet Holdings Corp. (NYSE:GOLF) Stock Position Raised by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its holdings in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 50.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,877 shares of the company's stock after buying an additional 8,335 shares during the period. Landscape Capital Management L.L.C.'s holdings in Acushnet were worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOLF. Cerity Partners LLC purchased a new position in Acushnet during the third quarter worth about $518,000. FMR LLC raised its holdings in shares of Acushnet by 2.5% in the third quarter. FMR LLC now owns 441,069 shares of the company's stock worth $28,118,000 after acquiring an additional 10,762 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Acushnet by 11.6% during the third quarter. BNP Paribas Financial Markets now owns 18,436 shares of the company's stock worth $1,175,000 after buying an additional 1,909 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Acushnet in the third quarter valued at $1,036,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Acushnet by 28.7% during the 3rd quarter. Janus Henderson Group PLC now owns 43,747 shares of the company's stock worth $2,789,000 after acquiring an additional 9,751 shares during the period. Institutional investors and hedge funds own 53.12% of the company's stock.

Acushnet Stock Down 2.6 %

NYSE:GOLF traded down $1.59 on Thursday, reaching $60.41. The stock had a trading volume of 416,425 shares, compared to its average volume of 364,459. The company has a 50-day moving average of $65.54 and a 200 day moving average of $67.49. 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 stock has a market cap of $3.62 billion, a P/E ratio of 20.68 and a beta of 0.84. Acushnet Holdings Corp. has a 12-month low of $55.31 and a 12-month high of $76.65.

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Acushnet (NYSE:GOLF - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.31. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The firm had revenue of $445.17 billion during the quarter, compared to analyst estimates of $454.83 million. On average, research analysts predict that Acushnet Holdings Corp. will post 3.06 earnings per share for the current year.

Acushnet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.56%. This is an increase from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. Acushnet's dividend payout ratio is 28.23%.

Insider Transactions at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the transaction, the insider now directly owns 96,006 shares in the company, valued at $6,802,985.16. This trade represents a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 54.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOLF. StockNews.com cut Acushnet from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. KeyCorp decreased their target price on Acushnet from $80.00 to $77.00 and set an "overweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. lowered shares of Acushnet from a "neutral" rating to an "underweight" rating and cut their price target for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. Finally, Compass Point upgraded shares of Acushnet from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $77.00 to $80.00 in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $72.80.

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.