Xact Kapitalforvaltning AB Acquires Shares of 12,397 Callaway Golf (ELY)

Xact Kapitalforvaltning AB acquired a new stake in Callaway Golf (NYSE:ELY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,397 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System grew its holdings in shares of Callaway Golf by 31.0% in the 4th quarter. California Public Employees Retirement System now owns 20,775 shares of the company’s stock valued at $289,000 after acquiring an additional 4,911 shares in the last quarter. Swiss National Bank grew its holdings in shares of Callaway Golf by 3.4% in the 4th quarter. Swiss National Bank now owns 160,800 shares of the company’s stock valued at $2,240,000 after acquiring an additional 5,300 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Callaway Golf by 9.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 64,530 shares of the company’s stock valued at $899,000 after acquiring an additional 5,821 shares in the last quarter. HL Financial Services LLC grew its holdings in shares of Callaway Golf by 3.5% in the 4th quarter. HL Financial Services LLC now owns 250,698 shares of the company’s stock valued at $3,492,000 after acquiring an additional 8,485 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Callaway Golf in the 4th quarter valued at about $142,000. Institutional investors own 88.97% of the company’s stock.

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Shares of ELY stock opened at $16.46 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.65. The company has a market cap of $1,551.01, a price-to-earnings ratio of 30.35, a P/E/G ratio of 1.57 and a beta of 1.03. Callaway Golf has a 12-month low of $11.19 and a 12-month high of $17.75.

Callaway Golf (NYSE:ELY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $192.00 million during the quarter, compared to the consensus estimate of $184.74 million. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. sell-side analysts anticipate that Callaway Golf will post 0.7 EPS for the current fiscal year.

A number of research firms recently commented on ELY. DA Davidson cut Callaway Golf from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $17.71 to $19.00 in a report on Wednesday. They noted that the move was a valuation call. ValuEngine upgraded Callaway Golf from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Callaway Golf from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet upgraded Callaway Golf from a “c+” rating to a “b” rating in a report on Wednesday, February 14th. Finally, Compass Point cut Callaway Golf from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $15.06 to $13.50 in a report on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Callaway Golf currently has an average rating of “Buy” and a consensus target price of $16.74.

In other Callaway Golf news, SVP Richard H. Arnett sold 7,241 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $17.00, for a total transaction of $123,097.00. Following the completion of the sale, the senior vice president now directly owns 12,229 shares in the company, valued at $207,893. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neil Howie sold 24,838 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $15.75, for a total transaction of $391,198.50. Following the sale, the insider now owns 95,803 shares of the company’s stock, valued at $1,508,897.25. The disclosure for this sale can be found here. Insiders have sold 237,409 shares of company stock valued at $3,783,462 over the last 90 days. Company insiders own 2.59% of the company’s stock.

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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 in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

Institutional Ownership by Quarter for Callaway Golf (NYSE:ELY)

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