The Stars Group (NASDAQ:TSG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
Separately, Zacks Investment Research upgraded shares of The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.33.
The Stars Group (TSG) traded down $0.05 during mid-day trading on Wednesday, reaching $25.80. 280,576 shares of the company’s stock were exchanged, compared to its average volume of 246,537. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.22 and a quick ratio of 1.22. The Stars Group has a one year low of $13.60 and a one year high of $26.45. The company has a market capitalization of $3,813.17, a PE ratio of 20.16 and a beta of 2.11.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd lifted its stake in shares of The Stars Group by 1.9% in the second quarter. Caledonia Private Investments Pty Ltd now owns 28,919,711 shares of the company’s stock valued at $517,663,000 after buying an additional 535,916 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in The Stars Group by 39.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,015,000 shares of the company’s stock worth $70,250,000 after purchasing an additional 855,400 shares during the period. Vanguard Group Inc. lifted its stake in The Stars Group by 12.0% during the second quarter. Vanguard Group Inc. now owns 2,497,798 shares of the company’s stock worth $44,711,000 after purchasing an additional 267,566 shares during the period. Toronto Dominion Bank lifted its stake in The Stars Group by 2,953.1% during the second quarter. Toronto Dominion Bank now owns 2,020,300 shares of the company’s stock worth $36,109,000 after purchasing an additional 1,954,128 shares during the period. Finally, Numeric Investors LLC lifted its stake in The Stars Group by 1,752.5% during the second quarter. Numeric Investors LLC now owns 1,000,323 shares of the company’s stock worth $17,854,000 after purchasing an additional 946,323 shares during the period. Institutional investors and hedge funds own 62.95% of the company’s stock.
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About The Stars Group
The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.
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