Performance Sports Group Ltd. (NYSE:PSG) shares rose 4.7% during trading on Thursday . The stock traded as high as $3.14 and last traded at $3.12, with a volume of 470,071 shares traded. The stock had previously closed at $2.98.

PSG has been the topic of several recent analyst reports. Roth Capital reiterated a “buy” rating on shares of Performance Sports Group in a report on Tuesday. Bank of America Corp. lowered shares of Performance Sports Group from a “neutral” rating to an “underperform” rating in a research report on Monday, March 28th. Zacks Investment Research upgraded shares of Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a $3.50 price target on shares of Performance Sports Group in a research report on Thursday, June 9th. Finally, Wunderlich decreased their price target on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Performance Sports Group presently has an average rating of “Hold” and an average target price of $7.77.

The stock’s market cap is $141.25 million. The company’s 50-day moving average price is $3.11 and its 200-day moving average price is $4.80.

Performance Sports Group (NYSE:PSG) last announced its quarterly earnings results on Thursday, April 14th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by $0.03. The business had revenue of $126.10 million for the quarter, compared to analysts’ expectations of $124.44 million. During the same period in the prior year, the company posted $0.13 EPS. Performance Sports Group’s revenue was down 8.4% on a year-over-year basis. Equities research analysts predict that Performance Sports Group Ltd. will post ($0.06) EPS for the current year.

In related news, major shareholder Sagard Capital Partners, L.P. acquired 171,311 shares of the company’s stock in a transaction dated Wednesday, April 27th. The shares were bought at an average cost of $3.71 per share, with a total value of $635,563.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Michael Jacobi acquired 30,830 shares of the company’s stock in a transaction dated Wednesday, April 20th. The stock was bought at an average cost of $3.56 per share, for a total transaction of $109,754.80. Following the completion of the transaction, the director now directly owns 11,830 shares of the company’s stock, valued at $42,114.80. The disclosure for this purchase can be found here.

Several institutional investors recently modified their holdings of the stock. Mutual of America Capital Management LLC raised its position in shares of Performance Sports Group by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 262,070 shares of the company’s stock valued at $2,524,000 after buying an additional 1,567 shares during the last quarter. Pembroke Management LTD raised its position in shares of Performance Sports Group by 0.7% in the fourth quarter. Pembroke Management LTD now owns 1,846,300 shares of the company’s stock valued at $24,629,000 after buying an additional 12,700 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Performance Sports Group by 20.1% in the fourth quarter. Foresters Investment Management Company Inc. now owns 221,000 shares of the company’s stock valued at $2,128,000 after buying an additional 37,000 shares during the last quarter. Russell Frank Co raised its position in shares of Performance Sports Group by 23.5% in the fourth quarter. Russell Frank Co now owns 613,004 shares of the company’s stock valued at $5,977,000 after buying an additional 116,672 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Performance Sports Group during the fourth quarter valued at $1,598,000.

Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Company’s segments include Hockey, Baseball/Softball and Other Sports.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.