Stars Group (TSG) Upgraded at BidaskClub

BidaskClub upgraded shares of Stars Group (NASDAQ:TSG) from a sell rating to a hold rating in a research note released on Friday morning.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group started coverage on shares of Stars Group in a report on Wednesday, September 26th. They issued a buy rating on the stock. ValuEngine cut shares of Stars Group from a hold rating to a sell rating in a report on Wednesday, October 3rd. TheStreet cut shares of Stars Group from a b rating to a c rating in a report on Monday, August 20th. Macquarie dropped their price objective on shares of Stars Group from $48.00 to $41.00 and set an outperform rating on the stock in a report on Tuesday, August 14th. Finally, Zacks Investment Research raised shares of Stars Group from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Stars Group currently has a consensus rating of Hold and an average price target of $33.50.

Stars Group stock opened at $18.89 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. Stars Group has a 1 year low of $16.26 and a 1 year high of $38.95. The stock has a market capitalization of $4.98 billion, a PE ratio of 8.40 and a beta of 1.67.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). Stars Group had a positive return on equity of 18.05% and a negative net margin of 0.91%. The business had revenue of $571.98 million during the quarter, compared to the consensus estimate of $601.68 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 73.6% compared to the same quarter last year. On average, research analysts expect that Stars Group will post 2.19 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in TSG. Blackstone Group L.P. acquired a new stake in shares of Stars Group in the 3rd quarter worth about $607,739,000. Toronto Dominion Bank increased its stake in Stars Group by 143.5% during the 3rd quarter. Toronto Dominion Bank now owns 7,624,640 shares of the company’s stock valued at $189,945,000 after buying an additional 4,493,140 shares during the period. Senator Investment Group LP acquired a new position in Stars Group during the 2nd quarter valued at about $154,275,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stars Group by 45.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,996,149 shares of the company’s stock valued at $253,583,000 after buying an additional 2,171,580 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Stars Group by 51.1% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 6,404,200 shares of the company’s stock valued at $305,352,000 after buying an additional 2,166,700 shares during the period. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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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