The Stars Group (NASDAQ:TSG) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Several other analysts have also commented on the company. BidaskClub upgraded The Stars Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The Stars Group presently has a consensus rating of “Buy” and a consensus price target of $27.33.
The Stars Group (TSG) traded down $0.80 during trading on Friday, reaching $24.90. The company’s stock had a trading volume of 805,847 shares, compared to its average volume of 287,373. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $3,673.05, a price-to-earnings ratio of 19.45 and a beta of 2.10. The Stars Group has a one year low of $13.85 and a one year high of $26.45.
Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of The Stars Group during the 4th quarter valued at $202,000. CIBC World Markets Inc. lifted its holdings in shares of The Stars Group by 52.7% during the 4th quarter. CIBC World Markets Inc. now owns 23,683 shares of the company’s stock valued at $552,000 after purchasing an additional 8,178 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of The Stars Group by 39.6% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,015,000 shares of the company’s stock valued at $70,250,000 after purchasing an additional 855,400 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of The Stars Group during the 4th quarter valued at $350,000. Finally, Acadian Asset Management LLC raised its stake in The Stars Group by 429.6% in the 4th quarter. Acadian Asset Management LLC now owns 539,100 shares of the company’s stock worth $12,583,000 after acquiring an additional 437,300 shares during the last quarter. Hedge funds and other institutional investors own 63.15% of the company’s stock.
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The Stars Group Company Profile
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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