QS Investors LLC purchased a new stake in The Stars Group (NASDAQ:TSG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 174,900 shares of the company’s stock, valued at approximately $4,075,000. QS Investors LLC owned about 0.12% of The Stars Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of The Stars Group during the 3rd quarter worth about $44,272,000. Mackenzie Financial Corp purchased a new position in The Stars Group in the 4th quarter valued at about $35,308,000. The Manufacturers Life Insurance Company lifted its stake in The Stars Group by 884.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 996,926 shares of the company’s stock valued at $23,228,000 after buying an additional 895,629 shares in the last quarter. Renaissance Technologies LLC lifted its stake in The Stars Group by 339.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,055,100 shares of the company’s stock valued at $24,592,000 after buying an additional 814,927 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in The Stars Group in the 3rd quarter valued at about $12,827,000. 72.40% of the stock is currently owned by institutional investors.
TSG has been the topic of a number of research reports. BidaskClub raised shares of The Stars Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of The Stars Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, March 7th. ValuEngine raised shares of The Stars Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Desjardins reiterated a “hold” rating on shares of The Stars Group in a report on Thursday, March 15th. Two equities 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 company currently has an average rating of “Buy” and a consensus price target of $30.67.
TSG stock traded down $0.50 during mid-day trading on Friday, reaching $26.35. The company’s stock had a trading volume of 154,173 shares, compared to its average volume of 384,071. The company has a market cap of $3,906.94, a price-to-earnings ratio of 11.71 and a beta of 1.80. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.02. The Stars Group has a fifty-two week low of $15.85 and a fifty-two week high of $29.80.
The Stars Group (NASDAQ:TSG) last released its quarterly earnings data on Wednesday, March 14th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). The business had revenue of $360.30 million during the quarter, compared to analyst estimates of $355.46 million. The Stars Group had a net margin of 19.74% and a return on equity of 21.78%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. equities analysts forecast that The Stars Group will post 2.44 earnings per share for the current year.
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The Stars Group 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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