Short Interest in Stars Group Inc (TSG) Rises By 55.9%

Stars Group Inc (NASDAQ:TSG) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,340,257 shares, an increase of 55.9% from the October 15th total of 2,142,188 shares. Based on an average daily trading volume, of 1,922,132 shares, the short-interest ratio is currently 1.7 days.

Several research firms have issued reports on TSG. BidaskClub lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. ValuEngine lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Stars Group from a “buy” rating to a “sell” rating in a research report on Thursday, November 1st. Goldman Sachs Group assumed coverage on shares of Stars Group in a research note on Wednesday, September 26th. They set a “buy” rating for the company. Finally, TheStreet downgraded shares of Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.50.

Several large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Stars Group by 167.9% during the third quarter. FMR LLC now owns 2,874,631 shares of the company’s stock valued at $71,578,000 after acquiring an additional 1,801,596 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Stars Group by 32.7% during the third quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock valued at $303,000 after acquiring an additional 3,000 shares during the last quarter. AXA raised its stake in Stars Group by 15.6% in the third quarter. AXA now owns 87,600 shares of the company’s stock worth $2,181,000 after buying an additional 11,800 shares in the last quarter. Quantum Capital Management raised its stake in Stars Group by 253.7% in the third quarter. Quantum Capital Management now owns 133,874 shares of the company’s stock worth $3,333,000 after buying an additional 96,022 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Stars Group by 1,495.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,271,053 shares of the company’s stock worth $56,549,000 after buying an additional 2,128,725 shares in the last quarter. 46.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TSG opened at $17.31 on Friday. The stock has a market cap of $5.39 billion, a PE ratio of 7.69 and a beta of 1.67. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94. Stars Group has a 12 month low of $17.07 and a 12 month high of $38.95.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $571.98 million for the quarter, compared to the consensus estimate of $601.68 million. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The business’s revenue was up 73.6% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, equities analysts anticipate that Stars Group will post 2.19 earnings per share for the current year.

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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.

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