Does Callaway Golf Company (NYSE:ELY) Have Gas After Even Less Sellers Involved?

May 26, 2018 - By Nellie Frank

Callaway Golf Company (NYSE:ELY) Logo

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.17, from 1.19 in 2017Q3. It is positive, as 19 investors sold Callaway Golf Company shares while 62 reduced holdings. 34 funds opened positions while 76 raised stakes. 80.37 million shares or 2.05% less from 82.05 million shares in 2017Q3 were reported.
Prelude Mgmt Lc reported 5,474 shares. Los Angeles Equity Rech Incorporated holds 0% of its portfolio in Callaway Golf Company (NYSE:ELY) for 31,370 shares. Reilly Advsrs Limited Co invested 0% of its portfolio in Callaway Golf Company (NYSE:ELY). Essex Inv Communication Limited Liability invested 0.25% of its portfolio in Callaway Golf Company (NYSE:ELY). Great West Life Assurance Can reported 0% stake. Dc Capital Limited, a New York-based fund reported 650,000 shares. Tower Research Lc (Trc) has invested 0% in Callaway Golf Company (NYSE:ELY). Moreover, Sanctuary Wealth Ltd Company has 0.01% invested in Callaway Golf Company (NYSE:ELY). Laurion Capital Mngmt L P reported 0% of its portfolio in Callaway Golf Company (NYSE:ELY). Arrowstreet Cap Lp, Massachusetts-based fund reported 14,300 shares. Advisory Research accumulated 0.05% or 238,093 shares. Howe And Rusling holds 0% of its portfolio in Callaway Golf Company (NYSE:ELY) for 246 shares. Texas Permanent School Fund invested in 0.01% or 63,904 shares. Bnp Paribas Arbitrage holds 0% or 77,364 shares. Denver Invest Advsr Ltd Co owns 29,356 shares for 0.02% of their portfolio.

Since February 9, 2018, it had 0 insider buys, and 10 sales for $4.76 million activity. $581,198 worth of stock was sold by Boezeman Alex Mitchell on Tuesday, May 8. 68,824 shares were sold by Howie Neil, worth $1.08M. Shares for $640,000 were sold by BREWER OLIVER G III. $384,519 worth of Callaway Golf Company (NYSE:ELY) shares were sold by Lynch Brian P..

The stock of Callaway Golf Company (NYSE:ELY) registered a decrease of 0.3% in short interest. ELY’s total short interest was 7.50 million shares in May as published by FINRA. Its down 0.3% from 7.52M shares, reported previously. With 1.27 million shares average volume, it will take short sellers 6 days to cover their ELY’s short positions. The short interest to Callaway Golf Company’s float is 8.47%.

The stock increased 0.74% or $0.14 during the last trading session, reaching $19. About 752,321 shares traded. Callaway Golf Company (NYSE:ELY) has risen 47.83% since May 26, 2017 and is uptrending. It has outperformed by 36.28% the S&P500.

Callaway Golf Company, together with its subsidiaries, designs, makes, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company has market cap of $1.81 billion. It offers drivers, fairway woods, hybrids, irons, wedges, and putters. It has a 45.24 P/E ratio. The firm also accessories, such as packaged sets, golf gloves, golf footwear, golf apparel, travel gear, headwear, towels, umbrellas, eyewear, and other accessories under the Callaway Golf, Odyssey, and Strata brand names.

Callaway Golf Company (NYSE:ELY) Ratings Coverage

Among 13 analysts covering Callaway Golf (NYSE:ELY), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Callaway Golf has $21.0 highest and $13.5 lowest target. $18.42’s average target is -3.05% below currents $19 stock price. Callaway Golf had 19 analyst reports since December 14, 2017 according to SRatingsIntel. The stock of Callaway Golf Company (NYSE:ELY) has “Buy” rating given on Wednesday, January 24 by KeyBanc Capital Markets. The firm earned “Sell” rating on Wednesday, December 27 by Compass Point. The stock has “Buy” rating by Jefferies on Thursday, February 8. The firm earned “Buy” rating on Thursday, February 8 by FBR Capital. KeyBanc Capital Markets maintained it with “Overweight” rating and $21 target in Friday, April 27 report. The stock of Callaway Golf Company (NYSE:ELY) has “Buy” rating given on Thursday, December 14 by J.P. Morgan. The company was maintained on Wednesday, December 27 by DA Davidson. The rating was maintained by B. Riley & Co on Friday, April 27 with “Buy”. SunTrust maintained Callaway Golf Company (NYSE:ELY) rating on Wednesday, April 11. SunTrust has “Buy” rating and $1900 target. The rating was maintained by FBR Capital on Wednesday, January 24 with “Buy”.

More recent Callaway Golf Company (NYSE:ELY) news were published by: Prnewswire.com which released: “Callaway Golf To Present At The B. Riley FBR Investor Conference In Santa Monica, California” on May 18, 2018. Also Investorplace.com published the news titled: “This Week’s Top 10 Stocks Under $20” on May 02, 2018. Seekingalpha.com‘s news article titled: “Callaway Golf: How Long Will It Rise?” with publication date: April 30, 2018 was also an interesting one.

Callaway Golf Company (NYSE:ELY) Institutional Positions Chart

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