Stars Group Inc (TSG) Receives Average Rating of “Hold” from Analysts

Shares of Stars Group Inc (NASDAQ:TSG) have been given an average rating of “Hold” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.20.

A number of analysts have recently issued reports on TSG shares. Susquehanna Bancshares started coverage on Stars Group in a research report on Friday, December 7th. They issued a “positive” rating and a $26.00 price objective for the company. Barclays reaffirmed a “hold” rating and issued a $20.60 price objective on shares of Stars Group in a research report on Tuesday, January 15th. Canaccord Genuity reaffirmed a “buy” rating on shares of Stars Group in a research report on Friday, January 11th. BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. Finally, ValuEngine cut Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th.

A number of large investors have recently added to or reduced their stakes in TSG. Lourd Capital LLC increased its stake in Stars Group by 3.4% during the 4th quarter. Lourd Capital LLC now owns 55,350 shares of the company’s stock worth $914,000 after acquiring an additional 1,830 shares during the period. Jane Street Group LLC increased its stake in Stars Group by 3.7% during the 4th quarter. Jane Street Group LLC now owns 52,481 shares of the company’s stock worth $867,000 after acquiring an additional 1,865 shares during the period. Focused Wealth Management Inc bought a new position in Stars Group during the 4th quarter worth $34,000. Bank of New York Mellon Corp increased its stake in Stars Group by 32.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock worth $303,000 after acquiring an additional 3,000 shares during the period. Finally, Bailard Inc. increased its stake in Stars Group by 36.4% during the 4th quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after acquiring an additional 3,705 shares during the period. 56.47% of the stock is owned by institutional investors and hedge funds.

Shares of TSG traded up $0.38 during mid-day trading on Wednesday, reaching $16.90. The company’s stock had a trading volume of 1,162,300 shares, compared to its average volume of 1,639,382. Stars Group has a 1-year low of $15.10 and a 1-year high of $38.95. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 7.51 and a beta of 1.63. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31.

About Stars Group

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.

See Also: What is a Reverse Stock Split?

Analyst Recommendations for Stars Group (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.



Leave a Reply