BidaskClub lowered shares of The Stars Group (NASDAQ:TSG) from a buy rating to a hold rating in a report released on Wednesday morning.
TSG has been the topic of a number of other reports. Zacks Investment Research cut shares of The Stars Group from a buy rating to a hold rating in a research note on Thursday, March 8th. Desjardins reaffirmed a hold rating on shares of The Stars Group in a research note on Thursday, March 15th. Finally, ValuEngine raised shares of The Stars Group from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The Stars Group has a consensus rating of Buy and a consensus price target of $30.67.
TSG stock opened at $26.20 on Wednesday. The Stars Group has a 52 week low of $15.85 and a 52 week high of $29.80. The stock has a market cap of $3,944.00, a P/E ratio of 20.47 and a beta of 1.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.02.
Several hedge funds and other institutional investors have recently made changes to their positions in TSG. Dimensional Fund Advisors LP boosted its position in shares of The Stars Group by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 80,698 shares of the company’s stock worth $1,444,000 after purchasing an additional 10,844 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of The Stars Group during the third quarter worth $697,000. Russell Investments Group Ltd. bought a new position in shares of The Stars Group during the third quarter worth $12,827,000. Dynamic Technology Lab Private Ltd bought a new position in shares of The Stars Group during the third quarter worth $288,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of The Stars Group during the third quarter worth $9,590,000. 72.77% of the stock is currently owned by institutional investors.
The Stars Group Company Profile
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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