Stars Group Inc (NASDAQ:TSG) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $41.00.
Several research analysts recently weighed in on TSG shares. BidaskClub lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, June 28th. ValuEngine lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. TheStreet lowered shares of Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Finally, Macquarie reduced their price objective on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 14th.
Institutional investors have recently added to or reduced their stakes in the stock. Soros Fund Management LLC bought a new position in Stars Group during the 2nd quarter worth approximately $8,204,000. Ontario Teachers Pension Plan Board bought a new position in Stars Group in the second quarter valued at approximately $2,989,000. State of Wisconsin Investment Board bought a new position in Stars Group in the second quarter valued at approximately $862,000. Luminus Management LLC bought a new position in Stars Group in the second quarter valued at approximately $5,445,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in Stars Group in the second quarter valued at approximately $3,993,000. 61.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TSG traded down $0.05 during trading on Friday, hitting $24.40. 57,899 shares of the company’s stock were exchanged, compared to its average volume of 876,701. Stars Group has a 1-year low of $19.30 and a 1-year high of $38.95. 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 cap of $4.49 billion, a price-to-earnings ratio of 11.00 and a beta of 1.59.
Stars Group (NASDAQ:TSG) last issued its quarterly earnings results on Monday, August 13th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The company had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. During the same quarter in the previous year, the company earned $0.56 EPS. Stars Group’s revenue was up 34.8% on a year-over-year basis. equities research analysts anticipate that Stars Group will post 2.22 earnings per share for the current year.
About Stars Group
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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