Portolan Capital Management LLC bought a new position in shares of Topgolf Callaway Brands Corp. (NYSE:MODG – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 351,691 shares of the company’s stock, valued at approximately $3,862,000. Portolan Capital Management LLC owned about 0.19% of Topgolf Callaway Brands as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MODG. Fifth Third Bancorp increased its holdings in shares of Topgolf Callaway Brands by 327.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,527 shares of the company’s stock worth $39,000 after buying an additional 1,936 shares during the last quarter. Dnca Finance acquired a new stake in shares of Topgolf Callaway Brands during the 2nd quarter worth about $134,000. Koss Olinger Consulting LLC purchased a new stake in Topgolf Callaway Brands in the 2nd quarter valued at about $160,000. Simon Quick Advisors LLC acquired a new position in Topgolf Callaway Brands in the second quarter valued at about $161,000. Finally, Cetera Advisors LLC purchased a new position in Topgolf Callaway Brands during the first quarter worth about $182,000. 84.69% of the stock is currently owned by institutional investors and hedge funds.
Topgolf Callaway Brands Stock Performance
NYSE MODG opened at $8.21 on Wednesday. The business has a 50 day moving average price of $9.68 and a 200 day moving average price of $12.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. The company has a market capitalization of $1.51 billion, a P/E ratio of -102.55, a PEG ratio of 5.82 and a beta of 1.70. Topgolf Callaway Brands Corp. has a 1-year low of $7.95 and a 1-year high of $16.89.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Topgolf Callaway Brands
About Topgolf Callaway Brands
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.
Recommended Stories
- Five stocks we like better than Topgolf Callaway Brands
- How to Effectively Use the MarketBeat Ratings Screener
- Gelsinger Gone: What Intel’s Big Move Means for INTC Stock
- Using the MarketBeat Stock Split Calculator
- Seize the Opportunity as AMD Powers AI Innovation
- How to Invest in Blue Chip Stocks
- 2 Off-Price Retail Titans: Which Stock Has More Upside in 2025?
Receive News & Ratings for Topgolf Callaway Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topgolf Callaway Brands and related companies with MarketBeat.com's FREE daily email newsletter.