We Are One Seven LLC raised its position in Callaway Golf Co (NYSE:ELY) by 101.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,666 shares of the company’s stock after acquiring an additional 9,888 shares during the quarter. We Are One Seven LLC’s holdings in Callaway Golf were worth $313,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Hancock Whitney Corp grew its position in shares of Callaway Golf by 3.5% during the fourth quarter. Hancock Whitney Corp now owns 145,933 shares of the company’s stock worth $2,232,000 after buying an additional 4,894 shares in the last quarter. Legal & General Group Plc grew its position in shares of Callaway Golf by 2.4% during the third quarter. Legal & General Group Plc now owns 211,084 shares of the company’s stock worth $5,118,000 after buying an additional 4,925 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Callaway Golf by 35.7% during the third quarter. Vanguard Group Inc. now owns 7,338,764 shares of the company’s stock worth $178,259,000 after buying an additional 1,929,680 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Callaway Golf during the fourth quarter worth approximately $137,000. Finally, Deutsche Bank AG grew its position in shares of Callaway Golf by 34.4% during the third quarter. Deutsche Bank AG now owns 1,394,585 shares of the company’s stock worth $33,872,000 after buying an additional 357,045 shares in the last quarter. 92.85% of the stock is owned by institutional investors.
In related news, Director Russell L. Fleischer bought 5,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $77,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.97% of the company’s stock.
Callaway Golf (NYSE:ELY) last posted its earnings results on Wednesday, February 6th. The company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). The company had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $176.35 million. Callaway Golf had a return on equity of 14.01% and a net margin of 8.43%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted ($0.15) earnings per share. Equities research analysts anticipate that Callaway Golf Co will post 1 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Callaway Golf from a “sell” rating to a “hold” rating in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and set a $24.00 price target on shares of Callaway Golf in a research report on Thursday, February 28th. Stephens began coverage on shares of Callaway Golf in a report on Tuesday, January 8th. They issued an “equal weight” rating and a $17.00 price objective for the company. Finally, Imperial Capital decreased their price objective on shares of Callaway Golf from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 7th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Callaway Golf presently has an average rating of “Hold” and a consensus price target of $22.91.
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Callaway Golf Company Profile
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.
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