Vanguard Group Inc. raised its holdings in shares of Stars Group Inc (NASDAQ:TSG) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,213,654 shares of the company’s stock after buying an additional 139,495 shares during the quarter. Vanguard Group Inc.’s holdings in Stars Group were worth $71,928,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of TSG. Sterling Capital Management LLC acquired a new position in shares of Stars Group during the second quarter worth approximately $31,644,000. FMR LLC lifted its holdings in shares of Stars Group by 12.7% during the first quarter. FMR LLC now owns 3,104,137 shares of the company’s stock worth $54,353,000 after buying an additional 350,269 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of Stars Group during the second quarter worth approximately $3,561,000. JPMorgan Chase & Co. lifted its holdings in shares of Stars Group by 52.2% during the second quarter. JPMorgan Chase & Co. now owns 547,664 shares of the company’s stock worth $9,310,000 after buying an additional 187,910 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Stars Group by 29.5% during the second quarter. Swiss National Bank now owns 802,100 shares of the company’s stock worth $13,688,000 after buying an additional 182,900 shares during the last quarter. Institutional investors own 65.46% of the company’s stock.
A number of research analysts have recently commented on the company. Susquehanna Bancshares reiterated a “neutral” rating on shares of Stars Group in a report on Monday, October 7th. JPMorgan Chase & Co. started coverage on Stars Group in a research note on Monday, July 1st. They issued a “neutral” rating for the company. Desjardins lowered Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. BMO Capital Markets restated a “buy” rating and issued a $30.00 target price on shares of Stars Group in a research note on Monday, September 9th. Finally, ValuEngine upgraded Stars Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.24.
Stars Group (NASDAQ:TSG) last issued its earnings results on Monday, August 12th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $637.62 million during the quarter, compared to analyst estimates of $655.97 million. Stars Group had a return on equity of 11.76% and a net margin of 0.39%. Stars Group’s revenue was up 55.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. On average, research analysts anticipate that Stars Group Inc will post 1.74 earnings per share for the current fiscal year.
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.
Recommended Story: Percentage Decliners
Want to see what other hedge funds are holding TSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stars Group Inc (NASDAQ:TSG).
Receive News & Ratings for Stars Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stars Group and related companies with MarketBeat.com's FREE daily email newsletter.