Arizona State Retirement System Raises Stock Position in Acushnet Holdings Corp. (NYSE:GOLF)

Arizona State Retirement System boosted its holdings in shares of Acushnet Holdings Corp. (NYSE:GOLFFree Report) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,590 shares of the company’s stock after purchasing an additional 188 shares during the period. Arizona State Retirement System’s holdings in Acushnet were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in Acushnet by 527.8% during the second quarter. First Horizon Advisors Inc. now owns 496 shares of the company’s stock valued at $27,000 after purchasing an additional 417 shares during the period. Federated Hermes Inc. acquired a new position in Acushnet during the third quarter valued at $30,000. FSC Wealth Advisors LLC acquired a new position in Acushnet during the third quarter valued at $37,000. First Capital Advisors Group LLC. acquired a new position in Acushnet during the second quarter valued at $43,000. Finally, Point72 Hong Kong Ltd acquired a new position in Acushnet during the second quarter valued at $57,000. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOLF has been the subject of a number of research reports. KeyCorp boosted their target price on shares of Acushnet from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, January 12th. Truist Financial lifted their price objective on shares of Acushnet from $55.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Compass Point raised shares of Acushnet from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, October 30th. Roth Mkm cut their price objective on shares of Acushnet from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, Morgan Stanley lifted their price objective on shares of Acushnet from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.00.

Read Our Latest Report on GOLF

Insider Transactions at Acushnet

In other news, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $57.10, for a total transaction of $1,142,000.00. Following the completion of the sale, the insider now owns 88,454 shares of the company’s stock, valued at $5,050,723.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 54.10% of the company’s stock.

Acushnet Stock Up 2.1 %

GOLF stock opened at $65.66 on Friday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 19.90 and a beta of 0.88. The firm has a 50-day simple moving average of $62.57 and a 200-day simple moving average of $57.91. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 0.22. Acushnet Holdings Corp. has a 52 week low of $43.62 and a 52 week high of $67.73.

Acushnet Company Profile

(Free Report)

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.

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Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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