MODG Callaway Golf Company

Harbor Capital Advisors Inc. significantly reduced its stake in Topgolf Callaway Brands Corp. by 72.6% in Q3 2025, selling 687,336 shares and retaining 259,277 shares valued at approximately $2.46 million. Despite the reduction by Harbor Capital, other institutional investors like Hsbc Holdings PLC and OMERS ADMINISTRATION Corp increased their positions in MODG. The company reported a Q3 loss of $0.05 per share, outperforming estimates, but revenue declined by 7.8% year-over-year while analysts hold a consensus "Hold" rating with an average target price of $11.17.

O Keefe Stevens Advisory Inc. significantly increased its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) during the third quarter, growing its holdings by 2,528.5% to 347,008 shares. This makes MODG the 23rd largest holding for the firm, representing about 0.9% of its total portfolio. While institutional investors now own a substantial portion of the company, analyst sentiment remains mixed with an average "Hold" rating despite a recent earnings beat.

Topgolf Callaway (MODG) has seen a significant share price rebound, up 14% over the past month and 26% over three months, with a 30% year-to-date return. Despite this rally, the stock is considered 6.6% undervalued with a narrative fair value of $12.50 against its last closing price of $11.68. Analysts have a consensus price target of $10.5, though individual targets range widely from $9.0 to $13.0, indicating a potential for further upside based on future margin gains and a re-rated profit multiple, despite some lingering concerns.

Squarepoint Ops LLC significantly reduced its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) by 47.7%, selling 450,745 shares and now holding 493,506 shares valued at approximately $3.97 million. Despite this, other institutional investors like Marshall Wace LLP and Hill Path Capital LP aggressively increased their positions, raising institutional ownership to 84.69%. The company recently beat EPS estimates but missed revenue expectations and trades near $11.41 with a $2.1 billion market cap.

Hill Path Capital LP has acquired a new position of 4,685,985 shares in Topgolf Callaway Brands Corp. (NYSE:MODG) worth approximately $37.7 million, making it their fifth-largest holding. Wall Street analysts have a mixed sentiment on MODG, with a consensus "Hold" rating and a target price of $11.17, although some firms have recently upgraded the stock or raised their price targets. Topgolf Callaway Brands, with a $2.10 billion market cap, is currently unprofitable but did beat EPS estimates while missing revenue expectations in its latest quarterly report.

This article identifies two momentum stocks, Topgolf Callaway Brands (MODG) and California BanCorp (BCAL), as strong buys for December 11th. Both companies are highlighted for their strong Zacks Rank, positive earnings estimate revisions, and significant stock price gains over the last three months, outperforming the S&P 500. MODG also received a Momentum Score of A, while BCAL received a B.