Harbor Capital Advisors Inc. Has $14.83 Million Stock Position in Topgolf Callaway Brands Corp. (NYSE:MODG)

Harbor Capital Advisors Inc. lifted its holdings in shares of Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,886,496 shares of the company's stock after buying an additional 241,755 shares during the period. Topgolf Callaway Brands makes up about 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 19th largest holding. Harbor Capital Advisors Inc. owned about 1.03% of Topgolf Callaway Brands worth $14,828,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Topgolf Callaway Brands by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 462,111 shares of the company's stock worth $7,070,000 after purchasing an additional 1,962 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Topgolf Callaway Brands by 60.8% during the 2nd quarter. American Century Companies Inc. now owns 3,178,681 shares of the company's stock valued at $48,634,000 after acquiring an additional 1,202,347 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Topgolf Callaway Brands by 18.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 236,597 shares of the company's stock worth $3,620,000 after acquiring an additional 37,376 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Topgolf Callaway Brands by 21.8% during the second quarter. Dimensional Fund Advisors LP now owns 8,646,731 shares of the company's stock worth $132,296,000 after purchasing an additional 1,549,222 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Topgolf Callaway Brands by 16.3% during the second quarter. Hsbc Holdings PLC now owns 37,151 shares of the company's stock valued at $567,000 after purchasing an additional 5,209 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Roth Mkm reissued a "buy" rating and issued a $16.00 price target (down previously from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th. TD Cowen reduced their price target on shares of Topgolf Callaway Brands from $13.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, September 17th. Bank of America lowered their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th. The Goldman Sachs Group reduced their target price on Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Finally, B. Riley downgraded Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $12.00 in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $14.83.

Topgolf Callaway Brands Stock Performance

Shares of Topgolf Callaway Brands stock traded down $0.17 during trading on Friday, reaching $8.47. The company's stock had a trading volume of 2,163,837 shares, compared to its average volume of 3,856,364. The business's fifty day moving average price is $8.47 and its 200-day moving average price is $10.87. Topgolf Callaway Brands Corp. has a one year low of $7.22 and a one year high of $16.89. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -105.86, a price-to-earnings-growth ratio of 5.39 and a beta of 1.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93.

Topgolf Callaway Brands Company 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.