Performance Sports Group Ltd. (NYSE:PSG) shares traded down 3.6% during mid-day trading on Thursday . The company traded as low as $3.22 and last traded at $3.24, with a volume of 138,952 shares trading hands. The stock had previously closed at $3.36.

A number of research analysts recently issued reports on the company. Sterne Agee CRT reiterated a “buy” rating on shares of Performance Sports Group in a report on Sunday, April 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $3.50 target price on shares of Performance Sports Group in a report on Thursday, June 9th. Bank of America Corp. reiterated a “sell” rating on shares of Performance Sports Group in a report on Thursday, June 9th. Wunderlich decreased their target price on Performance Sports Group from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, June 9th. Finally, Zacks Investment Research upgraded Performance Sports Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.77.

The company’s market cap is $147.63 million. The stock’s 50-day moving average is $3.09 and its 200 day moving average is $4.30.

In related news, major shareholder Sagard Capital Partners, L.P. purchased 187,600 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $675,360.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director C Michael Jacobi purchased 43,000 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of $3.56 per share, with a total value of $153,080.00. Following the completion of the acquisition, the director now owns 79,730 shares in the company, valued at approximately $283,838.80. The disclosure for this purchase can be found here.

A number of hedge funds recently made changes to their positions in the stock. Boston Partners bought a new stake in shares of Performance Sports Group during the fourth quarter valued at about $1,598,000. 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 in the last quarter. 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 in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Performance Sports Group by 37.1% in the fourth quarter. BlackRock Advisors LLC now owns 1,023,255 shares of the company’s stock valued at $9,853,000 after buying an additional 277,132 shares in 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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