Clearline Capital LP Sells 26,454 Shares of Stars Group Inc (NASDAQ:TSG)

Clearline Capital LP trimmed its position in shares of Stars Group Inc (NASDAQ:TSG) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,611 shares of the company’s stock after selling 26,454 shares during the quarter. Stars Group makes up about 1.3% of Clearline Capital LP’s investment portfolio, making the stock its 28th biggest position. Clearline Capital LP’s holdings in Stars Group were worth $2,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TSG. ValueAct Holdings L.P. bought a new stake in shares of Stars Group during the second quarter valued at approximately $232,664,000. Bank of America Corp DE grew its stake in shares of Stars Group by 83.8% during the second quarter. Bank of America Corp DE now owns 233,174 shares of the company’s stock valued at $3,980,000 after purchasing an additional 106,309 shares during the last quarter. Caledonia Private Investments Pty Ltd grew its stake in shares of Stars Group by 4.9% during the second quarter. Caledonia Private Investments Pty Ltd now owns 54,571,702 shares of the company’s stock valued at $931,539,000 after purchasing an additional 2,567,478 shares during the last quarter. Balyasny Asset Management LLC grew its stake in shares of Stars Group by 914.3% during the second quarter. Balyasny Asset Management LLC now owns 896,824 shares of the company’s stock valued at $15,309,000 after purchasing an additional 808,409 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Stars Group during the second quarter valued at approximately $577,000. 65.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSG traded down $0.15 during midday trading on Thursday, reaching $15.63. The stock had a trading volume of 16,159 shares, compared to its average volume of 1,778,022. The firm has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $16.82. Stars Group Inc has a one year low of $12.59 and a one year high of $26.00. The firm has a market cap of $4.54 billion, a PE ratio of 7.10 and a beta of 1.54. 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 announced its quarterly earnings data on Monday, August 12th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. The company had revenue of $637.62 million during the quarter, compared to the consensus estimate of $655.97 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 55.0% on a year-over-year basis. As a group, research analysts forecast that Stars Group Inc will post 1.74 EPS for the current fiscal year.

Several equities analysts recently weighed in on TSG shares. Deutsche Bank started coverage on shares of Stars Group in a report on Monday, July 1st. They issued a “hold” rating on the stock. Desjardins upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Barclays lowered shares of Stars Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, September 10th. Zacks Investment Research lowered shares of Stars Group from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Finally, Morgan Stanley cut their target price on shares of Stars Group from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Stars Group presently has an average rating of “Hold” and a consensus target price of $22.95.

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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