Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Stars Group from $18.00 to $17.00 and set an equal weight rating for the company in a research report on Thursday, September 12th. BidaskClub upgraded shares of Stars Group from a sell rating to a hold rating in a research report on Friday, October 4th. BMO Capital Markets restated a buy rating and issued a $30.00 price objective on shares of Stars Group in a research report on Monday, September 9th. JPMorgan Chase & Co. began coverage on shares of Stars Group in a research report on Monday, July 1st. They issued a neutral rating for the company. Finally, Barclays cut shares of Stars Group from an equal weight rating to an underweight rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $23.17.
TSG stock traded down $0.14 during trading on Tuesday, reaching $21.77. The stock had a trading volume of 1,240,400 shares, compared to its average volume of 2,741,068. The company has a market capitalization of $6.19 billion, a P/E ratio of 9.94 and a beta of 1.61. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $19.28 and a 200 day moving average price of $17.19. Stars Group has a 1-year low of $12.59 and a 1-year high of $22.23.
Stars Group (NASDAQ:TSG) last announced its earnings results on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $622.50 million during the quarter, compared to analysts’ expectations of $639.82 million. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Sell-side analysts predict that Stars Group will post 1.74 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Shields Capital Management LLC bought a new position in Stars Group in the third quarter valued at approximately $562,000. Tower Research Capital LLC TRC bought a new stake in shares of Stars Group in the third quarter worth $539,000. SG Americas Securities LLC bought a new stake in shares of Stars Group in the third quarter worth $240,000. Russell Investments Group Ltd. lifted its position in shares of Stars Group by 109.7% in the third quarter. Russell Investments Group Ltd. now owns 17,744 shares of the company’s stock worth $266,000 after purchasing an additional 9,284 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its position in shares of Stars Group by 10.5% in the third quarter. Mirador Capital Partners LP now owns 80,331 shares of the company’s stock worth $1,203,000 after purchasing an additional 7,611 shares in the last quarter. 65.88% of the stock is currently 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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