Brookfield Asset Management In Purchases 154,402 Shares of Performance Sports Group Ltd. (PSG) Stock
Performance Sports Group Ltd. (NYSE:PSG) major shareholder Brookfield Asset Management In acquired 154,402 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were purchased at an average cost of $3.56 per share, with a total value of $549,671.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Performance Sports Group Ltd. (NYSE:PSG) opened at 3.75 on Thursday. The company has a 50-day moving average of $2.91 and a 200-day moving average of $3.24. Performance Sports Group Ltd. has a 12 month low of $1.18 and a 12 month high of $14.43. The stock’s market capitalization is $170.87 million.
PSG has been the subject of several recent analyst reports. Craig Hallum initiated coverage on shares of Performance Sports Group in a research report on Monday. They set a “hold” rating and a $4.00 price objective for the company. Roth Capital reaffirmed a “buy” rating on shares of Performance Sports Group in a research report on Tuesday, July 12th. Royal Bank Of Canada cut shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a research report on Monday, August 22nd. Zacks Investment Research raised shares of Performance Sports Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Wedbush cut shares of Performance Sports Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $5.00 to $2.50 in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.13.
A number of institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in Performance Sports Group by 275.0% in the second quarter. Toronto Dominion Bank now owns 35,585 shares of the company’s stock worth $107,000 after buying an additional 26,096 shares in the last quarter. Paloma Partners Management Co bought a new position in Performance Sports Group during the second quarter worth $115,000. First Allied Advisory Services Inc. increased its position in Performance Sports Group by 75.1% in the second quarter. First Allied Advisory Services Inc. now owns 42,500 shares of the company’s stock worth $124,000 after buying an additional 18,227 shares in the last quarter. KCG Holdings Inc. bought a new position in Performance Sports Group during the second quarter worth $129,000. Finally, Jane Street Group LLC bought a new position in Performance Sports Group during the second quarter worth $144,000. 77.70% of the stock is currently owned by institutional investors.
About Performance Sports Group
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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