Russell Investments Group Ltd. cut its stake in Stars Group Inc (NASDAQ:TSG) by 88.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 58,162 shares of the company’s stock after selling 445,024 shares during the period. Russell Investments Group Ltd.’s holdings in Stars Group were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of TSG. Morgan Stanley increased its position in Stars Group by 28.4% during the second quarter. Morgan Stanley now owns 8,118,796 shares of the company’s stock worth $294,712,000 after acquiring an additional 1,793,803 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Stars Group by 51.1% during the second 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 worth $305,352,000 after acquiring an additional 2,166,700 shares during the period. Senator Investment Group LP bought a new position in Stars Group during the second quarter worth about $154,275,000. Toronto Dominion Bank increased its position in Stars Group by 71.3% during the second quarter. Toronto Dominion Bank now owns 3,131,500 shares of the company’s stock worth $113,482,000 after acquiring an additional 1,303,133 shares during the period. Finally, FMR LLC increased its position in Stars Group by 1,611.1% during the second quarter. FMR LLC now owns 1,073,035 shares of the company’s stock worth $38,950,000 after acquiring an additional 1,010,325 shares during the period. 59.00% of the stock is currently owned by institutional investors.
TSG has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Stars Group in a research report on Wednesday, September 26th. They set a “buy” rating on the stock. ValuEngine lowered shares of Stars Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. BidaskClub lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Zacks Investment Research raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 17th. Finally, TheStreet lowered shares of Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.00.
Shares of Stars Group stock opened at $17.90 on Friday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 8.21 and a beta of 1.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. Stars Group Inc has a 12-month low of $16.26 and a 12-month high of $38.95.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The firm had revenue of $571.98 million for the quarter, compared to analyst estimates of $601.68 million. Stars Group had a positive return on equity of 18.05% and a negative net margin of 0.91%. The company’s quarterly revenue was up 73.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. On average, analysts predict that Stars Group Inc will post 2.19 EPS for the current fiscal year.
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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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