Stars Group (TSG) Trading Up 6.9%

Stars Group Inc (NASDAQ:TSG)’s share price was up 6.9% during trading on Thursday . The company traded as high as $35.60 and last traded at $35.55. Approximately 3,186,403 shares changed hands during trading, an increase of 469% from the average daily volume of 560,463 shares. The stock had previously closed at $33.25.

A number of equities analysts recently commented on TSG shares. Zacks Investment Research raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday. BidaskClub raised shares of Stars Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating in a research note on Monday, April 23rd. Finally, ValuEngine cut shares of Stars Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd.

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $6.03 billion, a P/E ratio of 16.13 and a beta of 1.81.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.11. The firm had revenue of $392.89 million during the quarter, compared to analysts’ expectations of $356.47 million. Stars Group had a net margin of 19.39% and a return on equity of 24.66%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. analysts predict that Stars Group Inc will post 2.45 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its position in Stars Group by 16.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 12,950 shares of the company’s stock valued at $357,000 after buying an additional 1,850 shares during the period. CIBC Asset Management Inc boosted its position in Stars Group by 3.9% in the 1st quarter. CIBC Asset Management Inc now owns 51,716 shares of the company’s stock valued at $1,425,000 after buying an additional 1,963 shares during the period. Dimensional Fund Advisors LP boosted its position in Stars Group by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after buying an additional 2,500 shares during the period. UBS Asset Management Americas Inc. boosted its position in Stars Group by 10.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 51,900 shares of the company’s stock valued at $1,212,000 after buying an additional 4,900 shares during the period. Finally, Invictus RG boosted its position in Stars Group by 39.1% in the 4th quarter. Invictus RG now owns 19,977 shares of the company’s stock valued at $465,000 after buying an additional 5,615 shares during the period. 64.27% of the stock is owned by institutional investors.

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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