Tower Research Capital LLC TRC raised its stake in Stars Group Inc (NASDAQ:TSG) by 811.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,889 shares of the company’s stock after purchasing an additional 28,389 shares during the period. Tower Research Capital LLC TRC’s holdings in Stars Group were worth $796,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSG. Toronto Dominion Bank increased its position in shares of Stars Group by 143.5% in the 3rd quarter. Toronto Dominion Bank now owns 7,624,640 shares of the company’s stock worth $189,945,000 after purchasing an additional 4,493,140 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of Stars Group during the 2nd quarter valued at about $154,275,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of Stars Group by 51.1% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 6,404,200 shares of the company’s stock valued at $305,352,000 after buying an additional 2,166,700 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Stars Group by 1,495.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,271,053 shares of the company’s stock valued at $56,549,000 after buying an additional 2,128,725 shares during the last quarter. Finally, FMR LLC grew its position in shares of Stars Group by 167.9% during the 3rd quarter. FMR LLC now owns 2,874,631 shares of the company’s stock valued at $71,578,000 after buying an additional 1,801,596 shares during the last quarter. 59.00% of the stock is owned by institutional investors.
Shares of NASDAQ:TSG opened at $18.92 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. Stars Group Inc has a fifty-two week low of $16.26 and a fifty-two week high of $38.95. The stock has a market cap of $5.40 billion, a P/E ratio of 8.41 and a beta of 1.65.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Stars Group had a negative net margin of 0.91% and a positive return on equity of 18.05%. The business had revenue of $571.98 million for the quarter, compared to the consensus estimate of $601.68 million. During the same period in the prior year, the company earned $0.58 EPS. Stars Group’s quarterly revenue was up 73.6% on a year-over-year basis. On average, equities analysts expect that Stars Group Inc will post 2.19 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on TSG. BidaskClub raised shares of Stars Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. ValuEngine downgraded shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Zacks Investment Research downgraded shares of Stars Group from a “buy” rating to a “sell” rating in a research report on Thursday, November 1st. Goldman Sachs Group began coverage on shares of Stars Group in a research report on Wednesday, September 26th. They set a “buy” rating for the company. Finally, TheStreet downgraded shares of Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Stars Group has an average rating of “Hold” and a consensus price target of $33.50.
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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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