Stars Group (TSG) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Stars Group (NASDAQ:TSG) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

TSG has been the topic of several other research reports. BidaskClub raised shares of Stars Group from a strong sell rating to a sell rating in a research report on Friday, November 2nd. Zacks Investment Research cut shares of Stars Group from a buy rating to a sell rating in a research report on Thursday, November 1st. Finally, Macquarie reduced their price target 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Stars Group presently has an average rating of Hold and an average price target of $33.50.

Shares of Stars Group stock opened at $17.31 on Tuesday. 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 $5.39 billion, a PE ratio of 7.69 and a beta of 1.67. Stars Group has a 1-year low of $17.07 and a 1-year high of $38.95.

Stars Group (NASDAQ:TSG) last announced its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $571.98 million for the quarter, compared to analyst estimates of $601.68 million. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The firm’s revenue was up 73.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. On average, analysts predict that Stars Group will post 2.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in Stars Group by 167.9% in the third quarter. FMR LLC now owns 2,874,631 shares of the company’s stock worth $71,578,000 after acquiring an additional 1,801,596 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Stars Group by 32.7% in the third quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock worth $303,000 after acquiring an additional 3,000 shares during the last quarter. AXA lifted its holdings in Stars Group by 15.6% in the third quarter. AXA now owns 87,600 shares of the company’s stock worth $2,181,000 after acquiring an additional 11,800 shares during the last quarter. Quantum Capital Management lifted its holdings in Stars Group by 253.7% in the third quarter. Quantum Capital Management now owns 133,874 shares of the company’s stock worth $3,333,000 after acquiring an additional 96,022 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in Stars Group by 1,495.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,271,053 shares of the company’s stock worth $56,549,000 after acquiring an additional 2,128,725 shares during the last quarter. 46.60% of the stock is currently owned by hedge funds and other institutional investors.

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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