Performance Sports Group Ltd. (NYSE:PSG) major shareholder Brookfield Asset Management In bought 154,402 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was acquired at an average cost of $3.56 per share, with a total value of $549,671.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Performance Sports Group Ltd. (NYSE:PSG) opened at 3.75 on Tuesday. The firm’s market cap is $170.87 million. The stock has a 50 day moving average of $2.89 and a 200-day moving average of $3.27. Performance Sports Group Ltd. has a 52 week low of $1.18 and a 52 week high of $14.43.

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Performance Sports Group by 40.4% in the second quarter. Royal Bank of Canada now owns 2,518,263 shares of the company’s stock worth $7,554,000 after buying an additional 725,085 shares during the period. Numeric Investors LLC acquired a new stake in Performance Sports Group during the second quarter worth about $186,000. Toronto Dominion Bank increased its stake 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 during the period. Jane Street Group LLC acquired a new stake in Performance Sports Group during the second quarter worth about $144,000. Finally, AQR Capital Management LLC increased its stake in Performance Sports Group by 224.7% in the second quarter. AQR Capital Management LLC now owns 227,094 shares of the company’s stock worth $681,000 after buying an additional 157,149 shares during the period. Institutional investors own 77.70% of the company’s stock.

Several analysts have commented on the stock. Craig Hallum assumed coverage on shares of Performance Sports Group in a research report on Monday. They issued a “hold” rating and a $4.00 target price for the company. Bank of America Corp. reissued a “sell” rating on shares of Performance Sports Group in a research report on Thursday, June 9th. Wunderlich decreased their target price on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, June 9th. 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, Royal Bank Of Canada reissued a “sector perform” rating and issued a $3.50 target price on shares of Performance Sports Group in a research report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Performance Sports Group currently has an average rating of “Hold” and an average target price of $7.13.

Performance Sports Group Company Profile

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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