Stars Group (TSG) Shares Down 0.6% on Disappointing Earnings

Stars Group Inc (NASDAQ:TSG)’s share price dropped 0.6% on Thursday following a weaker than expected earnings announcement. The stock traded as low as $17.61 and last traded at $17.92. Approximately 110,508 shares traded hands during trading, a decline of 94% from the average daily volume of 1,861,684 shares. The stock had previously closed at $18.03.

The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $571.98 million during the quarter, compared to analysts’ expectations of $601.68 million. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The company’s quarterly revenue was up 73.6% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share.

Several research analysts have issued reports on TSG shares. Zacks Investment Research downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. BidaskClub raised shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. ValuEngine downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Macquarie lowered 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 report on Tuesday, August 14th. Finally, TheStreet downgraded shares of Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $33.50.

Several hedge funds have recently added to or reduced their stakes in the company. CIBC World Markets Inc. lifted its stake in shares of Stars Group by 0.8% in the 2nd quarter. CIBC World Markets Inc. now owns 192,466 shares of the company’s stock worth $6,987,000 after acquiring an additional 1,606 shares during the period. Balter Liquid Alternatives LLC lifted its stake in shares of Stars Group by 14.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock worth $613,000 after acquiring an additional 2,168 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Stars Group by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock worth $5,631,000 after acquiring an additional 2,500 shares during the period. Twin Tree Management LP acquired a new stake in shares of Stars Group in the 2nd quarter worth $107,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Stars Group in the second quarter valued at about $127,000. Institutional investors own 46.60% of the company’s stock.

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $5.39 billion, a P/E ratio of 8.00 and a beta of 1.67.

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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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