Acushnet $GOLF Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in shares of Acushnet (NYSE:GOLF) by 20.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,853 shares of the company’s stock after selling 8,135 shares during the quarter. Atria Investments Inc owned 0.05% of Acushnet worth $2,500,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Acushnet by 149.7% during the second quarter. EverSource Wealth Advisors LLC now owns 492 shares of the company’s stock worth $36,000 after purchasing an additional 295 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Acushnet by 83.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 540 shares of the company’s stock worth $39,000 after buying an additional 246 shares during the period. Bessemer Group Inc. lifted its holdings in Acushnet by 78.6% during the 2nd quarter. Bessemer Group Inc. now owns 575 shares of the company’s stock worth $42,000 after buying an additional 253 shares in the last quarter. Federated Hermes Inc. boosted its position in Acushnet by 197.5% in the 3rd quarter. Federated Hermes Inc. now owns 598 shares of the company’s stock valued at $47,000 after buying an additional 397 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Acushnet in the 2nd quarter valued at approximately $100,000. 53.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of Acushnet in a research note on Friday, January 16th. Roth Mkm restated a “neutral” rating and set a $80.00 price target on shares of Acushnet in a report on Thursday, November 6th. JPMorgan Chase & Co. raised Acushnet from an “underweight” rating to a “neutral” rating and increased their price target for the company from $74.00 to $96.00 in a research report on Friday, January 23rd. Truist Financial lifted their price objective on Acushnet from $74.00 to $95.00 and gave the company a “hold” rating in a research note on Monday, February 9th. Finally, Morgan Stanley upped their target price on shares of Acushnet from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.83.

Acushnet Stock Performance

Shares of GOLF opened at $99.39 on Tuesday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 27.16 and a beta of 0.89. Acushnet has a 52-week low of $55.31 and a 52-week high of $104.81. The company has a quick ratio of 1.30, a current ratio of 2.42 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average price of $90.03 and a 200 day moving average price of $82.76.

Insider Transactions at Acushnet

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $84.66, for a total value of $1,693,200.00. Following the completion of the transaction, the insider owned 76,006 shares in the company, valued at $6,434,667.96. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 53.60% of the stock is owned by corporate insiders.

Acushnet Profile

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.