Stars Group (TSG) Upgraded to Sell at ValuEngine

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Stars Group (NASDAQ:TSG) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

A number of other brokerages have also recently issued reports on TSG. Echelon Wealth Partners reissued a “buy” rating on shares of Stars Group in a report on Wednesday, March 6th. Canaccord Genuity restated a “buy” rating on shares of Stars Group in a research report on Friday, January 11th. Zacks Investment Research upgraded Stars Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Barclays restated a “hold” rating and set a $20.60 price target on shares of Stars Group in a research report on Tuesday, January 15th. Finally, BidaskClub lowered Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.40.

Shares of TSG traded up $0.79 during mid-day trading on Monday, reaching $17.98. The company had a trading volume of 2,831,147 shares, compared to its average volume of 2,115,781. Stars Group has a twelve month low of $15.10 and a twelve month high of $38.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.30. The stock has a market cap of $4.70 billion, a PE ratio of 8.21 and a beta of 1.58.

Stars Group (NASDAQ:TSG) last issued its earnings results on Wednesday, March 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $652.80 million during the quarter, compared to analysts’ expectations of $658.37 million. During the same period in the prior year, the firm posted $0.54 EPS. Stars Group’s quarterly revenue was up 81.2% compared to the same quarter last year. On average, sell-side analysts forecast that Stars Group will post 2.04 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focused Wealth Management Inc bought a new stake in Stars Group during the 4th quarter worth approximately $34,000. NumerixS Investment Technologies Inc bought a new position in Stars Group in the 4th quarter valued at $63,000. Bailard Inc. boosted its position in Stars Group by 36.4% in the 4th quarter. Bailard Inc. now owns 13,890 shares of the company’s stock valued at $229,000 after buying an additional 3,705 shares during the last quarter. Citigroup Inc. boosted its position in Stars Group by 133.5% in the 4th quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock valued at $273,000 after buying an additional 65,762 shares during the last quarter. Finally, Castle Creek Arbitrage LLC bought a new position in Stars Group in the 4th quarter valued at $297,000. Institutional investors and hedge funds own 61.35% of the company’s stock.

About Stars Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Stars Group (NASDAQ:TSG)

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