Callaway Stock Has Soared 150%. Here’s Why One Fund Still Bought 1.1 Million Shares

Callaway Stock Has Soared 150%. Here’s Why One Fund Still Bought 1.1 Million Shares

Key PointsNicholas Investment Partners initiated a new position in Callaway Golf Company with 1,125,984 shares; the estimated trade value is $15.80 million based on quarterly average pricing.The quarter-end position value increased by $15.63 million, reflecting both the purchase and market price movement during the period.The transaction represented a 1.14% change in 13F reportable assets under management.10 stocks we like better than Callaway G…