Sagard Capital Partners Management Corp buys $26,871,165 stake in Performance Sports Group Ltd (PSG)

Performance Sports Group Ltd (PSG) : Sagard Capital Partners Management Corp scooped up 858,911 additional shares in Performance Sports Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 7,721,599 shares of Performance Sports Group Ltd which is valued at $26,871,165.Performance Sports Group Ltd makes up approximately 9.47% of Sagard Capital Partners Management Corp’s portfolio.

Other Hedge Funds, Including , Df Dent Co Inc sold out all of its stake in PSG during the most recent quarter. The investment firm sold 35,946 shares of PSG which is valued $125,092. Phoenix Investment Adviser added PSG to its portfolio by purchasing 207,000 company shares during the most recent quarter which is valued at $681,030. Performance Sports Group Ltd makes up approx 0.94% of Phoenix Investment Adviser’s portfolio. Cowen Prime Services added PSG to its portfolio by purchasing 8,400 company shares during the most recent quarter which is valued at $27,636. Performance Sports Group Ltd makes up approx 0.01% of Cowen Prime Services’s portfolio. Sg Americas Securities sold out all of its stake in PSG during the most recent quarter. The investment firm sold 24,423 shares of PSG which is valued $82,061. Dorchester Wealth Management Co sold out all of its stake in PSG during the most recent quarter. The investment firm sold 207,030 shares of PSG which is valued $635,582.

Performance Sports Group Ltd closed down -0.06 points or -2.37% at $2.47 with 12,47,064 shares getting traded on Monday. Post opening the session at $2.49, the shares hit an intraday low of $2.28 and an intraday high of $2.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Performance Sports Group Ltd reported $-0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $-0.29. The company had revenue of $126.10 million for the quarter, compared to analysts expectations of $127.58 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Performance Sports Group Ltd. Shares were Downgraded by Wedbush on Aug 16, 2016 to ” Neutral” and Lowered the Price Target to $ 2.50 from a previous price target of $5 .Shares were Downgraded by DA Davidson on Aug 16, 2016 to ” Neutral” and Lowered the Price Target to $ 2 from a previous price target of $4 .Shares were Reiterated by Wunderlich on Jun 9, 2016 to “Hold” and Lowered the Price Target to $ 4 from a previous price target of $6 .

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. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments which includes the Maverik and Cascade brands for Lacrosse and the Inaria brand for Soccer. The ice hockey products include skates helmets protective gear sticks team apparel and accessories. The roller hockey products include skates helmets protective gear sticks and accessories. The baseball and softball products include bats gloves helmets protective gear apparel and accessories. The lacrosse products include sticks helmets protective gear and apparel.

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