Stars Group (NASDAQ:TSG) Cut to “Underweight” at Barclays

Barclays lowered shares of Stars Group (NASDAQ:TSG) from an equal weight rating to an underweight rating in a report published on Tuesday, Briefing.com Automated Import reports.

TSG has been the topic of a number of other reports. Desjardins raised shares of Stars Group from a hold rating to a buy rating in a report on Tuesday, August 13th. ValuEngine downgraded shares of Stars Group from a hold rating to a sell rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Stars Group from a hold rating to a sell rating in a report on Thursday, August 15th. JPMorgan Chase & Co. started coverage on shares of Stars Group in a report on Monday, July 1st. They issued a neutral rating on the stock. Finally, Deutsche Bank started coverage on shares of Stars Group in a report on Monday, July 1st. They issued a hold rating on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Stars Group currently has a consensus rating of Hold and an average target price of $22.95.

TSG opened at $16.25 on Tuesday. The firm has a market cap of $4.68 billion, a P/E ratio of 9.03 and a beta of 1.54. The firm has a 50-day moving average of $15.21 and a 200 day moving average of $16.84. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.96 and a current ratio of 0.96. Stars Group has a fifty-two week low of $12.59 and a fifty-two week high of $26.00.

Stars Group (NASDAQ:TSG) last released its quarterly earnings data on Monday, August 12th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $637.62 million for the quarter, compared to the consensus estimate of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. The company’s revenue was up 55.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts predict that Stars Group will post 1.75 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of TSG. Russell Investments Group Ltd. bought a new position in Stars Group during the second quarter valued at approximately $145,000. Creative Planning bought a new position in shares of Stars Group in the first quarter worth approximately $214,000. FNY Investment Advisers LLC bought a new position in shares of Stars Group in the second quarter worth approximately $323,000. Invesco Ltd. grew its holdings in shares of Stars Group by 28.8% in the second quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock worth $332,000 after purchasing an additional 4,355 shares during the last quarter. Finally, Bailard Inc. grew its holdings in shares of Stars Group by 55.2% in the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock worth $368,000 after purchasing an additional 7,670 shares during the last quarter. Institutional investors own 65.46% of the company’s stock.

About Stars Group

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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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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