Stars Group (TSG) Downgraded to “Strong Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Stars Group (NASDAQ:TSG) from a hold rating to a strong sell rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “

TSG has been the topic of a number of other reports. ValuEngine lowered Stars Group from a sell rating to a strong sell rating in a research note on Wednesday, May 1st. BidaskClub lowered Stars Group from a sell rating to a strong sell rating in a research note on Thursday, February 7th. Desjardins raised Stars Group from a hold rating to a buy rating and set a $17.69 price target on the stock in a research note on Thursday, March 28th. Morgan Stanley assumed coverage on Stars Group in a research note on Wednesday, May 1st. They set an equal weight rating and a $20.00 price target on the stock. Finally, Echelon Wealth Partners restated a buy rating on shares of Stars Group in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $25.22.

NASDAQ:TSG traded up $0.11 during trading hours on Thursday, hitting $16.91. The company’s stock had a trading volume of 71,399 shares, compared to its average volume of 2,391,118. The firm has a market capitalization of $4.82 billion, a PE ratio of 7.66 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 has a twelve month low of $15.10 and a twelve month high of $38.95.

Stars Group (NASDAQ:TSG) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.38 earnings per share for the quarter, missing the 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 business had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. During the same period last year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. On average, analysts anticipate that Stars Group will post 1.89 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSG. Caledonia Private Investments Pty Ltd boosted its position in shares of Stars Group by 2.0% during the first quarter. Caledonia Private Investments Pty Ltd now owns 52,004,224 shares of the company’s stock valued at $908,927,000 after buying an additional 1,012,275 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Stars Group by 28.5% during the first quarter. Toronto Dominion Bank now owns 9,249,142 shares of the company’s stock valued at $161,835,000 after buying an additional 2,051,098 shares during the last quarter. Odey Asset Management Group Ltd boosted its position in shares of Stars Group by 182.6% during the fourth quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock valued at $78,044,000 after buying an additional 3,052,237 shares during the last quarter. Morgan Stanley boosted its position in shares of Stars Group by 10.8% during the first quarter. Morgan Stanley now owns 4,679,371 shares of the company’s stock valued at $81,935,000 after buying an additional 454,347 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Stars Group by 4.4% during the third quarter. Vanguard Group Inc. now owns 3,613,612 shares of the company’s stock valued at $89,979,000 after buying an additional 153,027 shares during the last quarter. Hedge funds and other institutional investors own 64.06% 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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