Stars Group (NASDAQ:TSG) Rating Increased to Hold at ValuEngine

Stars Group (NASDAQ:TSG) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

TSG has been the subject of a number of other reports. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. started coverage on shares of Stars Group in a research note on Monday, July 1st. They set a “neutral” rating for the company. Barclays lowered shares of Stars Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group started coverage on shares of Stars Group in a research note on Monday, September 23rd. They set a “hold” rating and a $18.00 target price for the company. Finally, Zacks Investment Research lowered shares of Stars Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.24.

Stars Group stock traded up $0.63 during midday trading on Wednesday, reaching $20.92. 10,763,080 shares of the stock traded hands, compared to its average volume of 2,604,839. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $15.52 and a two-hundred day moving average price of $16.79. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 9.55 and a beta of 1.53. Stars Group has a fifty-two week low of $12.59 and a fifty-two week high of $24.37.

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

Several hedge funds have recently added to or reduced their stakes in the business. Caledonia Private Investments Pty Ltd raised its position in shares of Stars Group by 4.9% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 54,571,702 shares of the company’s stock worth $931,539,000 after buying an additional 2,567,478 shares in the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Stars Group during the 2nd quarter worth about $232,664,000. Vanguard Group Inc. raised its position in shares of Stars Group by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,213,654 shares of the company’s stock worth $71,928,000 after buying an additional 139,495 shares in the last quarter. Boston Partners bought a new stake in shares of Stars Group during the 2nd quarter worth about $75,451,000. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Stars Group by 36.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,294,645 shares of the company’s stock worth $57,689,000 after buying an additional 874,007 shares in the last quarter. Institutional investors own 65.46% of the company’s stock.

Stars Group Company 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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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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