Stars Group Inc (TSG) Sees Large Growth in Short Interest

Stars Group Inc (NASDAQ:TSG) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 12,080,813 shares, a growth of 19.5% from the February 28th total of 10,111,160 shares. Based on an average trading volume of 3,135,238 shares, the days-to-cover ratio is presently 3.9 days.

NASDAQ:TSG traded up $0.18 during trading hours on Friday, hitting $19.38. 1,351,908 shares of the stock were exchanged, compared to its average volume of 2,349,512. Stars Group has a twelve month low of $15.10 and a twelve month high of $38.95. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 8.85 and a beta of 1.59.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. The firm had revenue of $652.80 million for the quarter, compared to the consensus estimate of $658.37 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 81.2% compared to the same quarter last year. On average, equities analysts predict that Stars Group will post 2.02 EPS for the current fiscal year.

Several research analysts have recently commented on TSG shares. Barclays reissued a “hold” rating and issued a $20.60 target price on shares of Stars Group in a report on Tuesday, January 15th. Zacks Investment Research raised Stars Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. BidaskClub downgraded Stars Group from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Canaccord Genuity reissued a “buy” rating on shares of Stars Group in a report on Friday, January 11th. Finally, ValuEngine raised Stars Group from a “strong sell” rating to a “sell” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Stars Group has a consensus rating of “Hold” and a consensus price target of $26.26.

Institutional investors have recently modified their holdings of the business. Blackstone Group L.P. bought a new stake in shares of Stars Group in the 3rd quarter valued at $607,739,000. Odey Asset Management Group Ltd increased its position in shares of Stars Group by 182.6% in the 4th quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock valued at $78,044,000 after buying an additional 3,052,237 shares in the last quarter. Norges Bank bought a new stake in shares of Stars Group in the 4th quarter valued at $30,402,000. FMR LLC increased its position in shares of Stars Group by 167.9% in 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 in the last quarter. Finally, Moab Capital Partners LLC bought a new stake in shares of Stars Group in the 4th quarter valued at $11,655,000. Institutional investors own 61.35% of the company’s stock.

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Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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