Trexquant Investment LP Invests in Acushnet Holdings Corp.
December 13, 2023
🌥️Trending News
Trexquant Investment LP has recently announced a major new investment in Acushnet Holdings ($NYSE:GOLF) Corp. This is an exciting milestone for the company, which is the world’s leading manufacturer and marketer of golf equipment, apparel, and accessories. Acushnet’s portfolio of brands includes industry leaders such as Titleist, FootJoy, Vokey Design, Scotty Cameron, and Pinnacle. Acushnet has seen tremendous growth in recent years, thanks in large part to its innovative product design and marketing strategies. Its product range is designed to meet the needs of all types of players, from beginning golfers to seasoned pros.
Additionally, Acushnet has established a strong presence in the golf media and an extensive network of retailers and distributors. The new investment from Trexquant Investment LP is a vote of confidence in Acushnet’s future prospects. The company is well-positioned to capitalize on the increasing popularity of golf and the growing demand for quality equipment. This investment will help Acushnet to continue to innovate and expand its presence in the golf industry.
Stock Price
On Friday, Acushnet Holdings Corp. saw its stock open at $57.3 and close at $57.2, representing a 0.2% decrease from its prior closing price of 57.3. This news follows the announcement that Trexquant Investment LP has recently invested in Acushnet Holdings Corp. This is an important step for the company as Trexquant Investment LP is a global quantitative equity manager and provides exposure to a range of different markets. The investment marks a major milestone for Acushnet Holdings Corp. as they continue to expand their presence in the market and increase their exposure to global markets. It is clear that Acushnet Holdings Corp. is in a strong position for continued growth and success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Acushnet Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.42k | 225.18 | 9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Acushnet Holdings. More…
| Operations | Investing | Financing |
| 288.19 | -179.68 | -163.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Acushnet Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.21k | 1.24k | 13.95 |
Key Ratios Snapshot
Some of the financial key ratios for Acushnet Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.7% | 26.2% | 13.1% |
| FCF Margin | ROE | ROA |
| 5.3% | 20.4% | 9.0% |
Analysis
At GoodWhale, we have analyzed the fundamentals of ACUSHNET HOLDINGS. Our Star Chart suggests that ACUSHNET HOLDINGS is classified as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given this, investors that are looking for a solid investment that is likely to bring strong returns may be interested in ACUSHNET HOLDINGS. With regard to its fundamentals, ACUSHNET HOLDINGS scores strongly in dividend, growth, profitability and medium in asset. Its intermediate health score of 6/10 with regard to its cashflows and debt suggest that the company might be able to sustain future operations in times of crisis. More…
Peers
The competition between Acushnet Holdings Corp and its competitors is fierce. Callaway Golf Co, Vista Outdoor Inc, City Sports And Recreation PCL are all vying for a piece of the golf market share. Each company has its own unique selling points and it is up to the consumer to decide which brand they want to support.
– Callaway Golf Co ($NYSE:ELY)
Vista Outdoor Inc is an American outdoor recreation product company. The company operates in five segments: Shooting Sports, Outdoor Products, Action Sports, Cycling, and International. It has a market cap of 1.55B as of 2022 and a Return on Equity of 29.64%. The company designs, manufactures, and markets consumer products in the outdoor sports and recreation markets. Its products include firearms, ammunition, archery products, fishing products, backpacks, and other outdoor products.
– Vista Outdoor Inc ($NYSE:VSTO)
City Sports And Recreation PCL is a company that operates in the sports and recreation industry. The company has a market capitalization of 1.52 billion as of 2022 and a return on equity of 1.84%. City Sports And Recreation PCL is a publicly traded company listed on the Stock Exchange of Thailand. The company operates in two segments: sports and recreation, and other businesses. The company offers a range of products and services including sports equipment, recreational facilities, and services.
Summary
Trexquant Investment LP recently made a new investment in Acushnet Holdings Corp. Acushnet is a global golf and lifestyle company that owns Titleist, FootJoy, Scotty Cameron, Vokey Wedges, and other golf brands. Their stock price has been rising since the news of the investment, indicating investors are optimistic about the company. Analysts have provided positive outlooks on Acushnet’s future, particularly with their strong portfolio of golf brands and expansion into other sports markets.
The entrance of Trexquant Investment LP signals that a major investor is bullish on Acushnet’s long-term growth potential. Analysts believe that Acushnet could continue to see an increase in stock price as they capitalize on their core golf market and expand their presence in the other sports markets.
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