Thomson Horstmann & Bryant Inc. Purchases 363,054 Shares of Callaway Golf Co (ELY)
Thomson Horstmann & Bryant Inc. boosted its stake in Callaway Golf Co (NYSE:ELY) by 42.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,384 shares of the company’s stock after buying an additional 363,054 shares during the period. Callaway Golf accounts for approximately 1.7% of Thomson Horstmann & Bryant Inc.’s investment portfolio, making the stock its 8th largest position. Thomson Horstmann & Bryant Inc. owned about 1.29% of Callaway Golf worth $13,520,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of ELY. Tudor Investment Corp Et Al purchased a new stake in Callaway Golf during the fourth quarter valued at about $149,000. AQR Capital Management LLC raised its stake in Callaway Golf by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 19,804 shares of the company’s stock valued at $217,000 after buying an additional 77 shares in the last quarter. Pacad Investment Ltd. raised its stake in Callaway Golf by 211.9% in the fourth quarter. Pacad Investment Ltd. now owns 20,896 shares of the company’s stock valued at $229,000 after buying an additional 14,196 shares in the last quarter. Aperio Group LLC raised its stake in Callaway Golf by 12.7% in the third quarter. Aperio Group LLC now owns 20,114 shares of the company’s stock valued at $234,000 after buying an additional 2,269 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Callaway Golf during the third quarter valued at about $245,000. Institutional investors and hedge funds own 85.85% of the company’s stock.
Shares of Callaway Golf Co (NYSE:ELY) traded down 0.42% during trading on Thursday, reaching $11.84. 904,481 shares of the company traded hands. The stock has a market capitalization of $1.12 billion, a PE ratio of 5.98 and a beta of 1.33. Callaway Golf Co has a 12-month low of $8.96 and a 12-month high of $12.56. The firm’s 50-day moving average is $11.13 and its 200-day moving average is $11.17.
Callaway Golf (NYSE:ELY) last posted its quarterly earnings results on Thursday, February 2nd. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.01. Callaway Golf had a net margin of 21.80% and a return on equity of 9.93%. The firm had revenue of $164 million for the quarter, compared to the consensus estimate of $170.87 million. During the same quarter in the prior year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Callaway Golf Co will post $0.25 earnings per share for the current fiscal year.
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Several analysts recently issued reports on ELY shares. Wunderlich reiterated a “buy” rating and set a $13.00 price target (down previously from $15.00) on shares of Callaway Golf in a research report on Monday, February 6th. FBR & Co reiterated a “buy” rating and set a $14.00 price target on shares of Callaway Golf in a research report on Friday, February 3rd. DA Davidson reiterated a “buy” rating and set a $14.00 price target on shares of Callaway Golf in a research report on Tuesday, January 31st. Compass Point upgraded shares of Callaway Golf from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. Finally, Jefferies Group LLC set a $16.00 price target on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $13.61.
In other Callaway Golf news, Director Alex Mitchell Boezeman sold 54,810 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $11.75, for a total value of $644,017.50. Following the completion of the transaction, the director now directly owns 158,950 shares in the company, valued at approximately $1,867,662.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neil Howie sold 70,089 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $11.50, for a total transaction of $806,023.50. Following the completion of the transaction, the insider now owns 90,173 shares of the company’s stock, valued at $1,036,989.50. The disclosure for this sale can be found here. Insiders have sold a total of 351,578 shares of company stock valued at $3,937,740 over the last quarter. 2.10% of the stock is currently owned by company insiders.
Callaway Golf Company Profile
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
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