Dimensional Fund Advisors LP bought a new position in shares of The Stars Group Inc. (NASDAQ:TSG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 95,960 shares of the company’s stock, valued at approximately $1,967,000. Dimensional Fund Advisors LP owned approximately 0.07% of The Stars Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of TSG. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in The Stars Group during the third quarter worth about $204,000. Virtu KCG Holdings LLC purchased a new stake in The Stars Group during the second quarter worth about $181,000. Van ECK Associates Corp purchased a new stake in The Stars Group during the third quarter worth about $208,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in The Stars Group during the third quarter worth about $210,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in The Stars Group during the third quarter worth about $281,000. 63.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Stars Group Inc. (NASDAQ:TSG) traded up $0.50 on Friday, hitting $26.70. 268,400 shares of the stock were exchanged, compared to its average volume of 330,110. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.46. The Stars Group Inc. has a 1 year low of $14.01 and a 1 year high of $26.95. The company has a market cap of $3,940.00, a price-to-earnings ratio of 25.92 and a beta of 2.31.
A number of research firms recently issued reports on TSG. BidaskClub downgraded shares of The Stars Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine upgraded shares of The Stars Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Stars Group currently has an average rating of “Buy” and an average target price of $27.33.
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The Stars Group 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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