Taconic Capital Advisors LP Has $26.63 Million Position in Stars Group Inc (NASDAQ:TSG)

Taconic Capital Advisors LP cut its holdings in Stars Group Inc (NASDAQ:TSG) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 1,560,000 shares of the company’s stock after selling 40,000 shares during the period. Stars Group accounts for approximately 2.1% of Taconic Capital Advisors LP’s portfolio, making the stock its 8th biggest holding. Taconic Capital Advisors LP’s holdings in Stars Group were worth $26,629,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TSG. CIBC Asset Management Inc raised its position in shares of Stars Group by 0.7% during the first quarter. CIBC Asset Management Inc now owns 119,664 shares of the company’s stock valued at $2,092,000 after buying an additional 872 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of Stars Group by 3.7% during the second quarter. AMP Capital Investors Ltd now owns 51,336 shares of the company’s stock valued at $873,000 after buying an additional 1,824 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stars Group by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,949 shares of the company’s stock valued at $546,000 after buying an additional 3,559 shares during the last quarter. Bailard Inc. raised its position in shares of Stars Group by 55.2% during the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock valued at $368,000 after buying an additional 7,670 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Stars Group during the second quarter valued at about $145,000. Hedge funds and other institutional investors own 65.46% of the company’s stock.

A number of brokerages have recently commented on TSG. BidaskClub raised shares of Stars Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Barclays lowered shares of Stars Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 price objective on shares of Stars Group in a research report on Monday, September 9th. JPMorgan Chase & Co. began coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “neutral” rating for the company. Finally, Deutsche Bank began coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Stars Group presently has a consensus rating of “Hold” and a consensus price target of $22.95.

NASDAQ TSG traded up $0.30 on Monday, reaching $16.46. The company’s stock had a trading volume of 128,296 shares, compared to its average volume of 1,843,451. The firm has a market cap of $4.65 billion, a PE ratio of 7.52 and a beta of 1.54. The business has a 50-day moving average price of $15.21 and a 200 day moving average price of $16.83. Stars Group Inc has a 52 week low of $12.59 and a 52 week high of $26.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17.

Stars Group (NASDAQ:TSG) last posted its earnings results on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Analysts anticipate that Stars Group Inc will post 1.74 earnings per share for the current fiscal year.

Stars Group Profile

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

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