Performance Sports Group Ltd (PSG) : Risk Paradigm Group added new position in Performance Sports Group Ltd during the most recent quarter end. The investment management firm now holds 98,100 shares of Performance Sports Group Ltd which is valued at $345,312 , the company said in a statement filed on May 11, 2016 with the SEC.Performance Sports Group Ltd makes up approximately 0.44% of Risk Paradigm Group’s portfolio.
Other Hedge Funds, Including , Timessquare Capital Management sold out all of its stake in PSG during the most recent quarter. The investment firm sold 2,261,640 shares of PSG which is valued $8 Million.Manufacturers Life Insurance Company The boosted its stake in PSG in the latest quarter, The investment management firm added 586 additional shares and now holds a total of 66,628 shares of Performance Sports Group Ltd which is valued at $234,531.Mutual Of America Capital Management reduced its stake in PSG by selling 132,070 shares or 50.39% in the most recent quarter. The Hedge Fund company now holds 130,000 shares of PSG which is valued at $457,600. Performance Sports Group Ltd makes up approx 0.01% of Mutual Of America Capital Management’s portfolio. Princeton Alpha Management Lp added PSG to its portfolio by purchasing 12,463 company shares during the most recent quarter which is valued at $42,997. Performance Sports Group Ltd makes up approx 0.01% of Princeton Alpha Management Lp’s portfolio.Rhumbline Advisers boosted its stake in PSG in the latest quarter, The investment management firm added 6,855 additional shares and now holds a total of 65,205 shares of Performance Sports Group Ltd which is valued at $224,957.
Performance Sports Group Ltd closed down -0.11 points or -3.13% at $3.41 with 5,12,710 shares getting traded on Monday. Post opening the session at $3.56, the shares hit an intraday low of $3.38 and an intraday high of $3.59 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 Reiterated by RBC Capital Mkts on Apr 18, 2016 to “Sector Perform” and Lowered the Price Target to $ 3 from a previous price target of $3.50 .Performance Sports Group Ltd was Downgraded by BofA/Merrill to ” Underperform” on Mar 28, 2016. Performance Sports Group Ltd was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 14, 2016.
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.