225,000 Shares in Stars Group Inc (TSG) Purchased by Laurion Capital Management LP

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Laurion Capital Management LP acquired a new position in shares of Stars Group Inc (NASDAQ:TSG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 225,000 shares of the company’s stock, valued at approximately $8,168,000.

Other large investors have also recently modified their holdings of the company. Caledonia Private Investments Pty Ltd boosted its stake in shares of Stars Group by 0.5% in the first quarter. Caledonia Private Investments Pty Ltd now owns 29,510,716 shares of the company’s stock valued at $1,049,401,000 after buying an additional 157,583 shares during the period. Bank of Montreal Can boosted its stake in shares of Stars Group by 208.0% in the second quarter. Bank of Montreal Can now owns 7,635,026 shares of the company’s stock valued at $277,152,000 after buying an additional 5,156,010 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stars Group by 45.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,996,149 shares of the company’s stock valued at $253,583,000 after buying an additional 2,171,580 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Stars Group by 347.8% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 4,237,500 shares of the company’s stock valued at $150,686,000 after buying an additional 3,291,200 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Stars Group by 71.3% in the second quarter. Toronto Dominion Bank now owns 3,131,500 shares of the company’s stock valued at $113,482,000 after buying an additional 1,303,133 shares during the period. Institutional investors own 61.37% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Stars Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Thursday, June 28th. Macquarie cut their target price on Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, August 14th. BidaskClub upgraded Stars Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. ValuEngine cut Stars Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Desjardins cut Stars Group from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $41.50.

NASDAQ TSG opened at $25.05 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. Stars Group Inc has a fifty-two week low of $16.17 and a fifty-two week high of $38.95. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 11.13 and a beta of 1.58.

Stars Group (NASDAQ:TSG) last released its earnings results on Monday, August 13th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. analysts predict that Stars Group Inc will post 2.22 EPS for the current fiscal year.

Stars Group Profile

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

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