Amaya (TSG) Cut to “Hold” at BidaskClub

Amaya (NASDAQ:TSG) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, December 18th.

Separately, Zacks Investment Research upgraded shares of Amaya from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.33.

Shares of Amaya (TSG) traded up $0.30 on Monday, reaching $23.55. 235,418 shares of the company’s stock were exchanged, compared to its average volume of 160,012. The stock has a market capitalization of $3,429.64, a PE ratio of 18.40 and a beta of 2.11. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.46. Amaya has a twelve month low of $13.24 and a twelve month high of $24.00.

Amaya (NASDAQ:TSG) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.08. Amaya had a net margin of 20.34% and a return on equity of 23.77%. The firm had revenue of $329.44 million for the quarter, compared to analysts’ expectations of $317.24 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. sell-side analysts forecast that Amaya will post 2.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in Amaya by 4.0% during the second quarter. Legal & General Group Plc now owns 15,368 shares of the company’s stock valued at $274,000 after acquiring an additional 594 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amaya by 12.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,322 shares of the company’s stock worth $184,000 after buying an additional 1,170 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Amaya by 8.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 21,219 shares of the company’s stock worth $376,000 after buying an additional 1,675 shares in the last quarter. Global Endowment Management LP grew its stake in shares of Amaya by 16.5% in the 2nd quarter. Global Endowment Management LP now owns 23,990 shares of the company’s stock worth $429,000 after buying an additional 3,400 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Amaya by 98.2% in the 2nd quarter. Van ECK Associates Corp now owns 16,226 shares of the company’s stock worth $290,000 after buying an additional 8,039 shares in the last quarter. 61.27% of the stock is owned by institutional investors.

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About Amaya

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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