Duality Advisers LP Has $241,000 Stock Position in Topgolf Callaway Brands Corp. (NYSE:MODG)

Duality Advisers LP reduced its holdings in Topgolf Callaway Brands Corp. (NYSE:MODG) by 77.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,812 shares of the company’s stock after selling 58,608 shares during the quarter. Duality Advisers LP’s holdings in Topgolf Callaway Brands were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Topgolf Callaway Brands during the third quarter worth $882,000. Peregrine Capital Management LLC increased its position in shares of Topgolf Callaway Brands by 3.3% during the third quarter. Peregrine Capital Management LLC now owns 469,662 shares of the company’s stock worth $6,500,000 after buying an additional 15,130 shares during the period. Sunesis Advisors LLC acquired a new stake in shares of Topgolf Callaway Brands during the third quarter worth $201,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Topgolf Callaway Brands by 2.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,792 shares of the company’s stock worth $537,000 after buying an additional 1,010 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Topgolf Callaway Brands by 6.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 98,730 shares of the company’s stock worth $1,366,000 after buying an additional 5,674 shares during the period. 84.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MODG shares. Tigress Financial restated a “buy” rating and issued a $38.00 price target on shares of Topgolf Callaway Brands in a report on Friday, April 12th. KeyCorp reduced their price target on shares of Topgolf Callaway Brands from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. Finally, Raymond James raised their price target on shares of Topgolf Callaway Brands from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Topgolf Callaway Brands presently has a consensus rating of “Moderate Buy” and an average target price of $20.64.

Topgolf Callaway Brands Stock Up 0.8 %

Topgolf Callaway Brands stock opened at $15.85 on Friday. Topgolf Callaway Brands Corp. has a 1-year low of $9.84 and a 1-year high of $22.79. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. The firm’s fifty day moving average price is $15.18 and its two-hundred day moving average price is $13.90. The company has a current ratio of 1.72, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

Topgolf Callaway Brands (NYSE:MODG) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.04. Topgolf Callaway Brands had a net margin of 2.22% and a return on equity of 2.39%. The company had revenue of $897.10 million for the quarter, compared to analyst estimates of $867.25 million. During the same period last year, the firm earned ($0.27) earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Topgolf Callaway Brands Corp. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Topgolf Callaway Brands

In related news, Director Erik J. Anderson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $14.55, for a total transaction of $72,750.00. Following the transaction, the director now directly owns 777,959 shares of the company’s stock, valued at $11,319,303.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 2,028 shares of Topgolf Callaway Brands stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.79, for a total value of $29,994.12. Following the sale, the director now owns 2,242 shares of the company’s stock, valued at $33,159.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Erik J. Anderson sold 5,000 shares of Topgolf Callaway Brands stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00. Following the completion of the sale, the director now directly owns 777,959 shares in the company, valued at approximately $11,319,303.45. The disclosure for this sale can be found here. 11.97% of the stock is owned by insiders.

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.