Jefferies Group LLC Increases Stake in Stars Group Inc (TSG)

Jefferies Group LLC grew its holdings in Stars Group Inc (NASDAQ:TSG) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,968 shares of the company’s stock after buying an additional 3,824 shares during the quarter. Jefferies Group LLC’s holdings in Stars Group were worth $719,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Stars Group in the second quarter valued at $107,000. Tower Research Capital LLC TRC acquired a new stake in Stars Group in the second quarter worth about $127,000. Monetary Management Group Inc. acquired a new stake in Stars Group in the second quarter worth about $200,000. Quantitative Systematic Strategies LLC acquired a new stake in Stars Group in the second quarter worth about $233,000. Finally, Bailard Inc. acquired a new stake in Stars Group in the third quarter worth about $254,000. Institutional investors own 58.77% of the company’s stock.

A number of analysts recently commented on the company. TheStreet lowered Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Goldman Sachs Group assumed coverage on Stars Group in a research report on Wednesday, September 26th. They issued a “buy” rating for the company. ValuEngine lowered Stars Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Stars Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 17th. Finally, BidaskClub upgraded Stars Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Shares of TSG stock opened at $16.31 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $4.48 billion, a P/E ratio of 7.25 and a beta of 1.65. Stars Group Inc has a 12 month low of $16.12 and a 12 month high of $38.95.

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

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Stars Group Profile

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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Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

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