Acushnet Holdings Corp. (NYSE:GOLF) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of Acushnet Holdings Corp. (NYSE:GOLF - Free Report) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,600 shares of the company's stock after purchasing an additional 11,000 shares during the period. Two Sigma Advisers LP owned 0.35% of Acushnet worth $13,490,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Acushnet by 871.1% in the 2nd quarter. Victory Capital Management Inc. now owns 991,627 shares of the company's stock valued at $62,948,000 after acquiring an additional 889,515 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Acushnet in the third quarter valued at approximately $1,443,000. Raymond James & Associates raised its holdings in Acushnet by 0.9% during the third quarter. Raymond James & Associates now owns 466,099 shares of the company's stock worth $29,714,000 after purchasing an additional 4,300 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Acushnet by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 130,868 shares of the company's stock worth $8,307,000 after buying an additional 8,248 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Acushnet in the 3rd quarter valued at $7,986,000. Hedge funds and other institutional investors own 53.12% of the company's stock.

Acushnet Stock Performance

NYSE:GOLF traded up $1.27 during trading hours on Monday, reaching $75.48. 335,217 shares of the company's stock were exchanged, compared to its average volume of 308,342. The company has a 50-day moving average of $66.60 and a 200 day moving average of $65.94. Acushnet Holdings Corp. has a 1-year low of $56.74 and a 1-year 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. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 25.51 and a beta of 0.88.

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, beating the consensus estimate of $0.79 by $0.10. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. The firm had revenue of $620.50 million for the quarter, compared to analysts' expectations of $620.40 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts anticipate 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 given a $0.215 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.86 dividend on an annualized basis and a yield of 1.14%. Acushnet's dividend payout ratio (DPR) is 29.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Acushnet from $65.00 to $68.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Jefferies Financial Group downgraded Acushnet from a "buy" rating to a "hold" rating and reduced their target price for the company from $86.00 to $75.00 in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.40.

Insider Buying and Selling at Acushnet

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $73.91, for a total value of $369,550.00. Following the completion of the transaction, the insider now owns 88,710 shares in the company, valued at approximately $6,556,556.10. This represents a 5.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 54.60% of the stock is currently owned by corporate insiders.

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.