Pine Valley Investments Ltd Liability Co Has $222,000 Stock Position in Topgolf Callaway Brands Corp. (NYSE:MODG)

Pine Valley Investments Ltd Liability Co lowered its stake in shares of Topgolf Callaway Brands Corp. (NYSE:MODGFree Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,455 shares of the company’s stock after selling 1,170 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Topgolf Callaway Brands were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of Topgolf Callaway Brands in the 4th quarter worth about $44,000. JFS Wealth Advisors LLC raised its holdings in shares of Topgolf Callaway Brands by 6,063.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 4,561 shares of the company’s stock worth $65,000 after acquiring an additional 4,487 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Topgolf Callaway Brands by 151.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,241 shares of the company’s stock worth $100,000 after acquiring an additional 4,362 shares during the last quarter. Ranch Capital Advisors Inc. acquired a new stake in shares of Topgolf Callaway Brands in the 3rd quarter worth about $140,000. Finally, Oak Thistle LLC acquired a new stake in shares of Topgolf Callaway Brands in the 4th quarter worth about $150,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

Insider Activity

In other news, Director Erik J. Anderson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $15.37, for a total transaction of $115,275.00. Following the completion of the transaction, the director now directly owns 760,459 shares of the company’s stock, valued at approximately $11,688,254.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Erik J. Anderson sold 10,000 shares of Topgolf Callaway Brands stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $15.19, for a total value of $151,900.00. Following the completion of the transaction, the director now directly owns 767,959 shares in the company, valued at approximately $11,665,297.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik J. Anderson sold 7,500 shares of Topgolf Callaway Brands stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $15.37, for a total transaction of $115,275.00. Following the completion of the transaction, the director now owns 760,459 shares of the company’s stock, valued at $11,688,254.83. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MODG shares. Tigress Financial restated a “buy” rating and issued a $38.00 target price on shares of Topgolf Callaway Brands in a report on Friday, April 12th. KeyCorp lowered their target price on shares of Topgolf Callaway Brands from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. B. Riley upped their target price on shares of Topgolf Callaway Brands from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. TD Cowen increased their price objective on shares of Topgolf Callaway Brands from $10.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, Truist Financial increased their price objective on shares of Topgolf Callaway Brands from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Topgolf Callaway Brands has an average rating of “Hold” and a consensus target price of $19.33.

Get Our Latest Report on MODG

Topgolf Callaway Brands Stock Performance

Shares of Topgolf Callaway Brands stock traded down $0.08 on Tuesday, reaching $14.90. 897,633 shares of the company traded hands, compared to its average volume of 2,388,838. Topgolf Callaway Brands Corp. has a 52 week low of $9.84 and a 52 week high of $20.75. The company has a 50 day moving average of $15.77 and a 200 day moving average of $14.33. The firm has a market capitalization of $2.74 billion, a PE ratio of 40.49, a PEG ratio of 2.49 and a beta of 1.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.82 and a quick ratio of 1.02.

Topgolf Callaway Brands (NYSE:MODGGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Topgolf Callaway Brands had a net margin of 1.80% and a return on equity of 1.93%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Topgolf Callaway Brands Corp. will post 0.34 earnings per share for the current year.

Topgolf Callaway Brands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Topgolf Callaway Brands (NYSE:MODG)

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