A number of other equities analysts have also recently issued reports on the company. Desjardins upgraded Stars Group from a hold rating to a buy rating in a report on Tuesday. Zacks Investment Research cut Stars Group from a hold rating to a strong sell rating in a report on Thursday, May 23rd. Deutsche Bank began coverage on Stars Group in a report on Monday, July 1st. They issued a hold rating on the stock. BidaskClub upgraded Stars Group from a strong sell rating to a sell rating in a report on Sunday, August 11th. Finally, Morgan Stanley began coverage on Stars Group in a report on Wednesday, May 1st. They issued an equal weight rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $22.14.
Shares of TSG stock opened at $13.45 on Monday. Stars Group has a 1 year low of $12.59 and a 1 year high of $29.67. The stock has a market cap of $3.73 billion, a PE ratio of 6.14 and a beta of 1.54. The business’s fifty day moving average is $16.00 and its 200-day moving average is $17.07. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88.
Stars Group (NASDAQ:TSG) last issued its earnings results on Monday, August 12th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. Stars Group had a return on equity of 11.88% and a net margin of 0.39%. The company’s quarterly revenue was up 55.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts predict that Stars Group will post 1.76 earnings per share for the current year.
Several institutional investors have recently modified their holdings of TSG. Bamco Inc. NY lifted its position in shares of Stars Group by 8.8% in the second quarter. Bamco Inc. NY now owns 186,070 shares of the company’s stock worth $3,176,000 after buying an additional 15,000 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Stars Group by 129.7% in the second quarter. Essex Investment Management Co. LLC now owns 133,672 shares of the company’s stock worth $2,282,000 after buying an additional 75,468 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Stars Group in the second quarter worth about $764,000. Moab Capital Partners LLC lifted its position in shares of Stars Group by 1.2% in the second quarter. Moab Capital Partners LLC now owns 1,322,277 shares of the company’s stock worth $22,571,000 after buying an additional 16,072 shares during the last quarter. Finally, ValueAct Holdings L.P. acquired a new stake in shares of Stars Group in the second quarter worth about $232,664,000. 60.78% of the stock is owned by institutional investors and hedge funds.
About Stars Group
The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.
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