Stars Group Inc (NASDAQ:TSG)’s share price fell 9% on Tuesday . The stock traded as low as $25.30 and last traded at $25.85. 2,415,182 shares were traded during mid-day trading, an increase of 210% from the average session volume of 780,339 shares. The stock had previously closed at $28.40.
Several brokerages have recently weighed in on TSG. TheStreet cut Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Macquarie reduced their price target on Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, August 14th. BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 8th. ValuEngine cut Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research cut Stars Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.50.
The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $6.19 billion, a P/E ratio of 11.11 and a beta of 1.58.
Stars Group (NASDAQ:TSG) last posted its earnings results on Monday, August 13th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The business had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 34.8% on a year-over-year basis. analysts forecast that Stars Group Inc will post 2.22 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of TSG. Wells Fargo & Company MN purchased a new position in Stars Group during the first quarter worth about $198,000. CIBC Asset Management Inc lifted its stake in Stars Group by 3.9% during the first quarter. CIBC Asset Management Inc now owns 51,716 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,963 shares during the last quarter. Swiss National Bank lifted its stake in Stars Group by 9.6% during the first quarter. Swiss National Bank now owns 232,500 shares of the company’s stock worth $6,409,000 after purchasing an additional 20,400 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Stars Group by 169.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 456,241 shares of the company’s stock worth $12,585,000 after purchasing an additional 287,208 shares during the last quarter. Finally, Phoenix Investment Adviser LLC bought a new stake in Stars Group during the first quarter worth about $551,000. Institutional investors and hedge funds own 61.37% of the company’s stock.
Stars Group Company Profile (NASDAQ:TSG)
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.
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