Caledonia Private Investments Pty Ltd acquired a new position in The Stars Group Inc. (NASDAQ:TSG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 29,353,133 shares of the company’s stock, valued at approximately $683,341,000. The Stars Group makes up 17.2% of Caledonia Private Investments Pty Ltd’s holdings, making the stock its 3rd largest holding. Caledonia Private Investments Pty Ltd owned approximately 19.90% of The Stars Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank bought a new stake in shares of The Stars Group in the 4th quarter worth $202,000. Van ECK Associates Corp bought a new stake in shares of The Stars Group in the 3rd quarter worth $208,000. Allianz Asset Management GmbH acquired a new stake in shares of The Stars Group during the fourth quarter worth $241,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of The Stars Group during the third quarter worth $210,000. Finally, Scotia Capital Inc. acquired a new stake in shares of The Stars Group during the fourth quarter worth $270,000. 72.77% of the stock is currently owned by institutional investors.
TSG has been the topic of a number of recent analyst reports. BidaskClub raised The Stars Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised The Stars Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, March 7th. Finally, ValuEngine raised The Stars Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The Stars Group has an average rating of “Buy” and an average price target of $30.67.
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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