TD Asset Management Inc. Sells 92,100 Shares of Stars Group Inc (TSG)

TD Asset Management Inc. decreased its stake in Stars Group Inc (NASDAQ:TSG) by 10.8% during the first quarter, Holdings Channel reports. The institutional investor owned 761,906 shares of the company’s stock after selling 92,100 shares during the quarter. TD Asset Management Inc.’s holdings in Stars Group were worth $13,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of TSG. BlackRock Inc. acquired a new position in Stars Group in the 4th quarter worth about $3,366,000. JPMorgan Chase & Co. raised its holdings in Stars Group by 28.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,051,677 shares of the company’s stock worth $26,187,000 after purchasing an additional 235,489 shares during the period. K.J. Harrison & Partners Inc raised its holdings in Stars Group by 24.1% in the 1st quarter. K.J. Harrison & Partners Inc now owns 96,920 shares of the company’s stock worth $1,694,000 after purchasing an additional 18,800 shares during the period. Circle Road Advisors LP raised its holdings in Stars Group by 110.4% in the 4th quarter. Circle Road Advisors LP now owns 301,702 shares of the company’s stock worth $4,984,000 after purchasing an additional 158,313 shares during the period. Finally, Bailard Inc. raised its holdings in Stars Group by 36.4% in the 4th quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after purchasing an additional 3,705 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Shares of Stars Group stock opened at $16.98 on Monday. Stars Group Inc has a 12 month low of $15.10 and a 12 month high of $38.95. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 7.75 and a beta of 1.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.23.

Stars Group (NASDAQ:TSG) last announced its earnings results on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The firm had revenue of $580.34 million for the quarter, compared to analyst estimates of $621.34 million. During the same period in the previous year, the company earned $0.53 EPS. Stars Group’s revenue was up 47.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Stars Group Inc will post 1.89 EPS for the current fiscal year.

TSG has been the subject of a number of research analyst reports. ValuEngine raised Stars Group from a “strong sell” rating to a “sell” rating in a report on Thursday, May 9th. Morgan Stanley initiated coverage on Stars Group in a report on Wednesday, May 1st. They set an “equal weight” rating and a $20.00 target price for the company. Zacks Investment Research raised Stars Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Desjardins cut Stars Group from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.22.

TRADEMARK VIOLATION WARNING: “TD Asset Management Inc. Sells 92,100 Shares of Stars Group Inc (TSG)” was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/27/td-asset-management-inc-sells-92100-shares-of-stars-group-inc-tsg.html.

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.

Featured Article: Moving Average (MA)

Want to see what other hedge funds are holding TSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stars Group Inc (NASDAQ:TSG).

Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

Receive News & Ratings for Stars Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stars Group and related companies with MarketBeat.com's FREE daily email newsletter.