Valeo Financial Advisors LLC acquired a new stake in shares of Callaway Golf Co (NYSE:ELY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,925 shares of the company’s stock, valued at approximately $47,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund acquired a new position in Callaway Golf during the 4th quarter worth approximately $34,000. Massey Quick Simon & CO. LLC grew its holdings in shares of Callaway Golf by 50.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,383 shares of the company’s stock worth $36,000 after acquiring an additional 794 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Callaway Golf in the 4th quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Callaway Golf by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,523 shares of the company’s stock worth $100,000 after acquiring an additional 1,376 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in shares of Callaway Golf in the 4th quarter worth approximately $137,000. 91.51% of the stock is owned by hedge funds and other institutional investors.
Shares of ELY opened at $16.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 1.73. The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.80, a PEG ratio of 0.67 and a beta of 1.04. Callaway Golf Co has a twelve month low of $14.44 and a twelve month high of $24.67.
Callaway Golf (NYSE:ELY) last issued its earnings results on Wednesday, February 6th. The company reported ($0.32) earnings per share for the quarter, hitting the consensus estimate of ($0.32). The business had revenue of $181.00 million for the quarter, compared to analyst estimates of $176.35 million. Callaway Golf had a return on equity of 14.01% and a net margin of 8.43%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. Equities research analysts expect that Callaway Golf Co will post 1 EPS for the current year.
In other news, Director Russell L. Fleischer bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were acquired at an average cost of $15.50 per share, with a total value of $77,500.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $77,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.97% of the company’s stock.
ELY has been the topic of a number of analyst reports. Zacks Investment Research cut Callaway Golf from a “hold” rating to a “sell” rating in a report on Monday. Berenberg Bank reiterated a “buy” rating and set a $24.00 target price on shares of Callaway Golf in a report on Thursday, February 28th. Imperial Capital lowered their target price on Callaway Golf from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 7th. Stephens initiated coverage on Callaway Golf in a report on Tuesday, January 8th. They set an “equal weight” rating and a $17.00 target price on the stock. Finally, ValuEngine upgraded Callaway Golf from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Callaway Golf currently has a consensus rating of “Hold” and an average target price of $22.31.
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. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.
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