Stars Group (NASDAQ:TSG) Reaches New 52-Week Low at $15.02

Shares of Stars Group Inc (NASDAQ:TSG) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.02 and last traded at $15.16, with a volume of 7099 shares. The stock had previously closed at $15.30.

Several equities research analysts have recently issued reports on TSG shares. Desjardins lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded shares of Stars Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. initiated coverage on shares of Stars Group in a report on Monday, July 1st. They issued a “neutral” rating for the company. ValuEngine downgraded shares of Stars Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Finally, Morgan Stanley initiated coverage on shares of Stars Group in a report on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Stars Group currently has a consensus rating of “Hold” and a consensus target price of $25.22.

The stock has a fifty day moving average of $16.43. The firm has a market capitalization of $4.40 billion, a P/E ratio of 6.92 and a beta of 1.54. 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 quarterly earnings results on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $621.34 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. Equities analysts expect that Stars Group Inc will post 1.89 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Creative Planning bought a new position in Stars Group in the 1st quarter valued at $214,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Stars Group by 447.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 18,074 shares of the company’s stock valued at $299,000 after purchasing an additional 14,774 shares during the period. FNY Investment Advisers LLC bought a new position in Stars Group in the 2nd quarter valued at $323,000. Bailard Inc. boosted its holdings in Stars Group by 55.2% in the 2nd quarter. Bailard Inc. now owns 21,560 shares of the company’s stock valued at $368,000 after purchasing an additional 7,670 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stars Group by 4.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,390 shares of the company’s stock worth $496,000 after acquiring an additional 1,133 shares during the last quarter. 60.75% of the stock is owned by hedge funds and other institutional investors.

Stars Group Company Profile (NASDAQ:TSG)

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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