Stars Group (TSG) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of Stars Group (NASDAQ:TSG) from a buy rating to a hold rating in a research note released on Wednesday.

TSG has been the topic of several other research reports. Zacks Investment Research upgraded Stars Group from a hold rating to a buy rating and set a $31.00 target price on the stock in a research report on Wednesday, March 7th. Desjardins upgraded Stars Group from a hold rating to a buy rating in a research report on Monday, April 23rd. Finally, ValuEngine cut Stars Group from a strong-buy rating to a buy rating in a research report on Saturday, June 2nd.

Shares of Stars Group opened at $33.25 on Wednesday, Marketbeat reports. The stock has a market capitalization of $5.26 billion, a P/E ratio of 14.78 and a beta of 1.81. Stars Group has a 52-week low of $15.85 and a 52-week high of $38.95. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.15 and a current ratio of 1.15.

Stars Group (NASDAQ:TSG) last released its earnings results on Thursday, May 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.11. Stars Group had a return on equity of 24.66% and a net margin of 19.39%. The company had revenue of $392.89 million for the quarter, compared to analysts’ expectations of $356.47 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. equities research analysts forecast that Stars Group will post 2.45 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN acquired a new stake in shares of Stars Group in the 1st quarter worth approximately $198,000. Comerica Bank acquired a new stake in shares of Stars Group in the 4th quarter worth approximately $202,000. Allianz Asset Management GmbH acquired a new stake in shares of Stars Group in the 4th quarter worth approximately $241,000. Scotia Capital Inc. acquired a new stake in shares of Stars Group in the 4th quarter worth approximately $270,000. Finally, LPL Financial LLC acquired a new stake in shares of Stars Group in the 1st quarter worth approximately $303,000. Institutional investors and hedge funds own 64.27% of the company’s stock.

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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