Several other equities analysts have also issued reports on TSG. ValuEngine lowered shares of Stars Group from a “hold” rating to a “sell” rating in a report on Wednesday. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Deutsche Bank assumed coverage on shares of Stars Group in a report on Monday, July 1st. They set a “hold” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Stars Group in a report on Monday, July 1st. They set a “neutral” rating on the stock. Finally, Barclays set a $21.00 price objective on shares of Stars Group and gave the company a “hold” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.14.
Shares of TSG stock opened at $16.19 on Wednesday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 7.39 and a beta of 1.54. The company’s 50 day moving average is $15.15 and its 200 day moving average is $16.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.17. Stars Group has a 52-week low of $12.59 and a 52-week high of $26.00.
Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $637.62 million for the quarter, compared to analyst estimates of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. Stars Group’s revenue was up 55.0% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Analysts anticipate that Stars Group will post 1.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of Stars Group during the second quarter valued at $145,000. Creative Planning purchased a new stake in shares of Stars Group during the first quarter valued at $214,000. FNY Investment Advisers LLC purchased a new stake in shares of Stars Group during the second quarter valued at $323,000. Invesco Ltd. grew its holdings in shares of Stars Group by 28.8% during the second quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock valued at $332,000 after buying an additional 4,355 shares during the last quarter. Finally, Bailard Inc. grew its holdings in shares of Stars Group by 55.2% during the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock valued at $368,000 after buying an additional 7,670 shares during the last quarter. 61.26% of the stock is currently owned by institutional investors and hedge funds.
Stars Group Company Profile
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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