Russell Investments Group Ltd. lowered its holdings in shares of Stars Group Inc (NASDAQ:TSG) by 88.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,162 shares of the company’s stock after selling 445,024 shares during the quarter. Russell Investments Group Ltd.’s holdings in Stars Group were worth $1,439,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TSG. Wells Fargo & Company MN boosted its holdings in shares of Stars Group by 3,997.2% in the second quarter. Wells Fargo & Company MN now owns 294,710 shares of the company’s stock valued at $10,698,000 after buying an additional 287,517 shares during the period. State of Wisconsin Investment Board acquired a new position in shares of Stars Group in the second quarter valued at approximately $862,000. EAM Global Investors LLC acquired a new position in shares of Stars Group in the second quarter valued at approximately $1,066,000. Belpointe Asset Management LLC acquired a new position in shares of Stars Group in the second quarter valued at approximately $458,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Stars Group by 71.3% in the second quarter. Toronto Dominion Bank now owns 3,131,500 shares of the company’s stock valued at $113,482,000 after buying an additional 1,303,133 shares during the period. Institutional investors own 59.00% of the company’s stock.
Several research analysts have recently weighed in on TSG shares. Goldman Sachs Group started coverage on shares of Stars Group in a report on Wednesday, September 26th. They issued a “buy” rating for the company. ValuEngine cut shares of Stars Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. BidaskClub cut shares of Stars Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 17th. Finally, TheStreet cut shares of Stars Group from a “b” rating to a “c” rating in a report on Monday, August 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.00.
Shares of TSG opened at $17.90 on Friday. Stars Group Inc has a 12 month low of $16.26 and a 12 month high of $38.95. The firm has a market cap of $5.03 billion, a P/E ratio of 8.21 and a beta of 1.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31.
Stars Group (NASDAQ:TSG) last announced its earnings results on Wednesday, November 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Stars Group had a positive return on equity of 18.05% and a negative net margin of 0.91%. The business had revenue of $571.98 million for the quarter, compared to analyst estimates of $601.68 million. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 73.6% compared to the same quarter last year. As a group, equities research analysts predict that Stars Group Inc will post 2.19 EPS for the current year.
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About Stars Group
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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