Shares of Stars Group Inc (NASDAQ:TSG) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.00.
A number of research firms recently issued reports on TSG. Goldman Sachs Group began coverage on Stars Group in a report on Wednesday, September 26th. They set a “buy” rating on the stock. ValuEngine lowered Stars Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. BidaskClub raised Stars Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. TheStreet lowered Stars Group from a “b” rating to a “c” rating in a report on Monday, August 20th. Finally, Macquarie lowered their price objective on Stars Group from $48.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, August 14th.
A number of institutional investors and hedge funds have recently made changes to their positions in TSG. Wells Fargo & Company MN purchased a new stake in Stars Group in the 1st quarter valued at approximately $198,000. Dimensional Fund Advisors LP lifted its position in shares of Stars Group by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after acquiring an additional 2,500 shares during the period. LPL Financial LLC acquired a new stake in shares of Stars Group during the 1st quarter valued at approximately $303,000. Legal & General Group Plc lifted its position in shares of Stars Group by 74.7% during the 1st quarter. Legal & General Group Plc now owns 26,848 shares of the company’s stock valued at $740,000 after acquiring an additional 11,480 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Stars Group by 89.3% during the 1st quarter. Allianz Asset Management GmbH now owns 19,528 shares of the company’s stock valued at $538,000 after acquiring an additional 9,211 shares during the period. 46.60% of the stock is currently owned by institutional investors.
Shares of TSG stock traded down $0.91 during trading hours on Monday, reaching $17.31. The company had a trading volume of 3,355,110 shares, compared to its average volume of 2,057,242. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $4.91 billion, a PE ratio of 7.69 and a beta of 1.67. Stars Group has a 12-month low of $17.07 and a 12-month high of $38.95.
Stars Group (NASDAQ:TSG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The company had revenue of $571.98 million during the quarter, compared to analysts’ expectations of $601.68 million. Stars Group had a negative net margin of 0.91% and a positive return on equity of 21.80%. Stars Group’s revenue for the quarter was up 73.6% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. On average, equities research analysts expect that Stars Group will post 2.19 EPS for the current year.
Stars Group Company 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.
Further Reading: Return on Investment (ROI)
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