Performance Sports Group Ltd. (NYSE:PSG) major shareholder Brookfield Asset Management In purchased 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average cost of $3.65 per share, with a total value of $547,500.00. The acquisition 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.

Brookfield Asset Management In also recently made the following trade(s):

  • On Monday, September 19th, Brookfield Asset Management In purchased 154,402 shares of Performance Sports Group stock. The shares were acquired at an average cost of $3.56 per share, with a total value of $549,671.12.

Shares of Performance Sports Group Ltd. (NYSE:PSG) opened at 3.90 on Friday. The company’s 50-day moving average is $2.93 and its 200 day moving average is $3.24. Performance Sports Group Ltd. has a 1-year low of $1.18 and a 1-year high of $14.43. The firm’s market cap is $177.71 million.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of Performance Sports Group by 275.0% in the second quarter. Toronto Dominion Bank now owns 35,585 shares of the company’s stock valued at $107,000 after buying an additional 26,096 shares during the period. Paloma Partners Management Co acquired a new position in shares of Performance Sports Group during the second quarter valued at approximately $115,000. First Allied Advisory Services Inc. raised its position in shares of 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 valued at $124,000 after buying an additional 18,227 shares during the period. KCG Holdings Inc. acquired a new position in shares of Performance Sports Group during the second quarter valued at approximately $129,000. Finally, Jane Street Group LLC acquired a new position in shares of Performance Sports Group during the second quarter valued at approximately $144,000. Institutional investors own 77.70% of the company’s stock.

PSG has been the topic of a number of recent analyst reports. Craig Hallum initiated coverage on shares of Performance Sports Group in a report on Monday. They issued a “hold” rating and a $4.00 price objective on the stock. Bank of America Corp. reiterated a “hold” rating on shares of Performance Sports Group in a report on Wednesday, August 17th. RBC Capital Markets lowered shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a report on Monday, August 22nd. Zacks Investment Research lowered shares of Performance Sports Group from a “hold” rating to a “strong sell” rating in a report on Friday, June 3rd. Finally, Roth Capital reiterated a “buy” rating on shares of Performance Sports Group in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Performance Sports Group currently has a consensus rating of “Hold” and a consensus price target of $7.13.

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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