Stars Group (TSG) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Stars Group (NASDAQ:TSG) from a strong sell rating to a sell rating in a research report sent to investors on Friday, November 2nd.

TSG has been the subject of a number of other research reports. Goldman Sachs Group began coverage on shares of Stars Group in a research note on Wednesday, September 26th. They set a buy rating for the company. Zacks Investment Research upgraded shares of Stars Group from a hold rating to a buy rating and set a $26.00 price target for the company in a research note on Wednesday, October 17th. TheStreet cut shares of Stars Group from a b rating to a c rating in a research note on Monday, August 20th. ValuEngine cut shares of Stars Group from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Finally, Macquarie cut their price target on shares of Stars Group from $48.00 to $41.00 and set an outperform rating for the company in a research note on Tuesday, August 14th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.50.

Shares of NASDAQ TSG traded down $0.91 during mid-day trading on Friday, hitting $17.31. The company had a trading volume of 3,355,110 shares, compared to its average volume of 2,057,242. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. Stars Group has a 12 month low of $17.07 and a 12 month high of $38.95. The stock has a market cap of $4.91 billion, a PE ratio of 7.69 and a beta of 1.67.

Stars Group (NASDAQ:TSG) last released its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Stars Group had a negative net margin of 0.91% and a positive return on equity of 21.80%. The company had revenue of $571.98 million during the quarter, compared to the consensus estimate of $601.68 million. During the same quarter in the previous year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 73.6% on a year-over-year basis. Research analysts forecast that Stars Group will post 2.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TSG. CIBC World Markets Inc. raised its stake in shares of Stars Group by 0.8% in the second quarter. CIBC World Markets Inc. now owns 192,466 shares of the company’s stock valued at $6,987,000 after acquiring an additional 1,606 shares during the last quarter. Balter Liquid Alternatives LLC raised its stake in shares of Stars Group by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock valued at $613,000 after acquiring an additional 2,168 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stars Group by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after acquiring an additional 2,500 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Stars Group in the second quarter valued at approximately $107,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Stars Group by 32.7% in the third quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock valued at $303,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 46.60% of the company’s stock.

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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