Performance Sports Group Ltd. (NYSE:PSG) shares traded up 4.6% during trading on Monday . The company traded as high as $3.22 and last traded at $3.21, with a volume of 268,119 shares changing hands. The stock had previously closed at $3.07.

A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $3.00 price target (down previously from $3.50) on shares of Performance Sports Group in a research report on Friday, April 15th. Zacks Investment Research raised Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Bank of America Corp. reiterated a “sell” rating on shares of Performance Sports Group in a report on Thursday, June 9th. Wunderlich reduced their target price on Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, June 9th. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of Performance Sports Group in a report on Sunday, April 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Performance Sports Group currently has an average rating of “Hold” and an average target price of $7.77.

The company’s 50 day moving average is $3.07 and its 200 day moving average is $4.46. The firm’s market cap is $152.65 million.

In other news, Director C Michael Jacobi acquired 43,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $3.56 per share, with a total value of $153,080.00. Following the completion of the purchase, the director now directly owns 79,730 shares in the company, valued at $283,838.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sagard Capital Partners, L.P. acquired 270,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was purchased at an average cost of $3.67 per share, with a total value of $990,900.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently made changes to their positions in the company. Russell Frank Co increased its stake 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. Boston Partners purchased a new stake in shares of Performance Sports Group during the fourth quarter valued at about $1,598,000. Mutual of America Capital Management LLC increased its stake 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. Finally, Foresters Investment Management Company Inc. increased its stake 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.

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.

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