Barometer Capital Management Inc. acquired a new stake in shares of The Stars Group Inc. (NASDAQ:TSG) during the fourth quarter, HoldingsChannel reports. The firm acquired 42,200 shares of the company’s stock, valued at approximately $983,000.
A number of other hedge funds also recently modified their holdings of TSG. Commerzbank Aktiengesellschaft FI purchased a new stake in The Stars Group during the third quarter valued at approximately $44,272,000. The Manufacturers Life Insurance Company raised its position in The Stars Group by 884.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 996,926 shares of the company’s stock valued at $23,228,000 after purchasing an additional 895,629 shares during the period. Russell Investments Group Ltd. purchased a new stake in The Stars Group during the third quarter valued at approximately $12,827,000. JPMorgan Chase & Co. purchased a new stake in The Stars Group during the third quarter valued at approximately $11,318,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in The Stars Group during the third quarter valued at approximately $9,590,000. Institutional investors and hedge funds own 67.67% of the company’s stock.
Shares of The Stars Group Inc. (TSG) opened at $26.60 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.46. The Stars Group Inc. has a fifty-two week low of $14.01 and a fifty-two week high of $27.10. The firm has a market capitalization of $3,950.00, a P/E ratio of 25.83 and a beta of 2.31.
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The Stars Group Profile
The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.
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