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PSG

Performance Sports Group

13:06
11/29/16
11/29
13:06
11/29/16
13:06

Coliseum Capital cuts Performance Sports stake to 9.5% from 9.8%

According to a regulatory filing, Performance Sports Group said its financial advisor provided Coliseum Capital, which owns a 9.5% active stake in the company, with the necessary consent to commence discussions with an affiliate of one of the co-owners of the purchaser under the Asset Purchase Agreement that the company entered in connection with its restructuring process and its representatives about the possibility of the Reporting Persons and the Purchaser, and/or one or more entities to be formed at their direction, acting together with respect to potential plans or proposals related to a potential transaction involving company. The discussions among Coliseum and representatives of the purchaser are ongoing. It is uncertain whether Coliseum and the purchaser, and/or an entity formed thereby, on the one hand, and the company, on the other hand, will agree to any definitive agreement with respect to any potential transaction, or that any deal will occur. Further, there can be no assurance that the purchaser and Coliseum will reach any agreement on, or submit a plan or proposal with respect to, any potential transaction, or that a deal will occur.

  • 01

    Dec

PSG Performance Sports Group

08/16/16
WEDB
08/16/16
DOWNGRADE
WEDB
Neutral
Performance Sports Group downgraded on potential default at Wedbush
As noted earlier, Wedbush downgraded Performance Sports Group to Neutral from Outperform. Analyst James Hardiman says that the delay in the filing of the company's 10-K could cause it to default. The analyst notes that the company's credit facility agreement stipulates that it will be in technical default if its audited 10-K is not issued within two weeks from now, while it will be in full default if the document is not issued within 45 days. Target to $2.50 from $5.
08/16/16
DADA
08/16/16
DOWNGRADE
DADA
Neutral
Performance Sports Group downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Andrew Burns downgraded Performance Sports after the company delayed the filing of its 10-K. The analyst notes that the delay has caused the company to violate its debt covenants. Bruns says that he lacks confidence in the company's results and ability to finance its business going forward, making the stock too uncertain to recommend. Target to $2 from $12.
08/16/16
08/16/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hain Celestial (HAIN) downgraded to Equal Weight from Overweight at Barclays, to Neutral from Buy at SunTrust, to Underweight from Neutral at Piper Jaffray, and to Underweight from Neutral at Atlantic Equities. 2. JPMorgan (JPM), SunTrust (STI), and Regions Financial (RF) downgraded to Market Perform from Outperform at Bernstein. 3. Performance Sports Group (PSG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman saying the delay in the filing of the company's 10-K could cause it to default. 4. Ocean Rig UDW (ORIG) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Urban saying the company's restructuring is likely unfavorable for existing equity holders. 5. Alarm.com (ALRM) downgraded to Market Perform from Outperform at Raymond James with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/16
CHLM
09/19/16
INITIATION
Target $4
CHLM
Hold
Performance Sports Group initiated with a Hold at Craig-Hallum
Craig-Hallum initiated Performance Sports Group with a Hold and a $4 price target given near-term risks and and recommends waiting for stabilization within the market environment.

TODAY'S FREE FLY STORIES

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BBRY

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SAN

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VLKAY

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  • 02

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ICPT

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MHK

Mohawk

09:31
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UFCS

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YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

09:28
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IP

International Paper

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IDTI

Integrated Device

$27.00

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RBS

RBS

09:24
09/22/17
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Upgrade
RBS rating change  »

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COR

CoreSite Realty

09:23
09/22/17
09/22
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Initiation
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  • 26

    Sep

CONE

CyrusOne

$60.41

-0.35 (-0.58%)

09:22
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  • 26

    Sep

TMUS

T-Mobile

$63.39

-0.13 (-0.20%)

, S

Sprint

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ASND

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VSAR

Versartis

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FINL

Finish Line

$9.22

-0.21 (-2.23%)

FL

Foot Locker

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BWA

BorgWarner

, SEV

Sevcon

$22.00

-0.01 (-0.05%)

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BWA

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SEV

Sevcon

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  • 26

    Oct

ICPT

Intercept

$73.70

-24.42 (-24.89%)

09:19
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DLR

Digital Realty

09:18
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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
09/22/17
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Options
Overnight activity included 125 trades in SPX and 21 trades in VIX »

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SPX

S&P 500

VIX

Volatility Index S&P 500 Options

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CAG

Conagra Brands

09:17
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  • 22

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HDSN

Hudson Technologies

$8.47

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    Nov

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