Virtu KCG Holdings LLC lessened its stake in Callaway Golf Company (NYSE:ELY) by 30.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,541 shares of the company’s stock after selling 13,015 shares during the period. Virtu KCG Holdings LLC’s holdings in Callaway Golf were worth $378,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Ramsey Quantitative Systems bought a new stake in Callaway Golf in the 2nd quarter worth approximately $353,000. Parametric Portfolio Associates LLC grew its position in Callaway Golf by 12.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 245,594 shares of the company’s stock worth $3,139,000 after purchasing an additional 27,062 shares during the period. Suntrust Banks Inc. grew its position in Callaway Golf by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 18,397 shares of the company’s stock worth $235,000 after purchasing an additional 361 shares during the period. Quantbot Technologies LP grew its position in Callaway Golf by 304.9% in the 2nd quarter. Quantbot Technologies LP now owns 48,153 shares of the company’s stock worth $615,000 after purchasing an additional 36,261 shares during the period. Finally, GSA Capital Partners LLP grew its position in Callaway Golf by 297.4% in the 2nd quarter. GSA Capital Partners LLP now owns 68,595 shares of the company’s stock worth $877,000 after purchasing an additional 51,335 shares during the period. 87.46% of the stock is owned by institutional investors and hedge funds.

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ELY has been the subject of a number of research analyst reports. Aegis reaffirmed a “buy” rating on shares of Callaway Golf in a research report on Monday, September 4th. KeyCorp reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Callaway Golf in a research report on Wednesday, August 30th. BidaskClub raised shares of Callaway Golf from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of Callaway Golf from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Callaway Golf in a research report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Callaway Golf currently has an average rating of “Buy” and an average price target of $15.31.

Callaway Golf Company (ELY) opened at 13.98 on Monday. The stock has a market cap of $1.32 billion, a PE ratio of 7.73 and a beta of 1.17. The stock’s 50 day moving average is $14.06 and its 200 day moving average is $12.85. Callaway Golf Company has a 52 week low of $9.77 and a 52 week high of $14.75.

Callaway Golf (NYSE:ELY) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $304.50 million for the quarter, compared to analyst estimates of $295.70 million. Callaway Golf had a net margin of 18.09% and a return on equity of 6.60%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Analysts predict that Callaway Golf Company will post $0.44 EPS for the current year.

In other news, SVP Alan Hocknell sold 57,138 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $13.30, for a total value of $759,935.40. Following the sale, the senior vice president now owns 115,045 shares in the company, valued at $1,530,098.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Oliver G. Brewer III sold 131,884 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $13.31, for a total transaction of $1,755,376.04. Following the completion of the sale, the insider now owns 291,399 shares in the company, valued at approximately $3,878,520.69. The disclosure for this sale can be found here. Insiders sold 281,113 shares of company stock worth $3,792,388 in the last quarter. Company insiders own 2.59% of the company’s stock.

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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Institutional Ownership by Quarter for Callaway Golf (NYSE:ELY)

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