Thompson Siegel & Walmsley LLC Purchases 874,007 Shares of Stars Group Inc (NASDAQ:TSG)

Thompson Siegel & Walmsley LLC raised its stake in shares of Stars Group Inc (NASDAQ:TSG) by 36.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,294,645 shares of the company’s stock after acquiring an additional 874,007 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 1.21% of Stars Group worth $57,689,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new position in shares of Stars Group during the 4th quarter valued at about $63,000. Creative Planning bought a new position in shares of Stars Group during the 1st quarter valued at about $214,000. Bailard Inc. lifted its holdings in shares of Stars Group by 36.4% during the 4th quarter. Bailard Inc. now owns 13,890 shares of the company’s stock valued at $229,000 after purchasing an additional 3,705 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Stars Group by 133.5% during the 4th quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock valued at $273,000 after purchasing an additional 65,762 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Stars Group by 447.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 18,074 shares of the company’s stock valued at $299,000 after purchasing an additional 14,774 shares in the last quarter. 60.72% of the stock is owned by institutional investors and hedge funds.

Shares of Stars Group stock traded up $0.07 on Friday, reaching $17.07. 1,525,500 shares of the company were exchanged, compared to its average volume of 2,348,250. Stars Group Inc has a one year low of $15.10 and a one year high of $38.20. The firm has a market cap of $4.66 billion, a P/E ratio of 7.79 and a beta of 1.61. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.23. The firm’s 50-day moving average is $17.10.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The company had revenue of $580.34 million for the quarter, compared to the consensus estimate of $621.34 million. Stars Group had a positive return on equity of 12.81% and a negative net margin of 6.71%. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Analysts anticipate that Stars Group Inc will post 1.89 EPS for the current year.

Several equities analysts have recently weighed in on TSG shares. Morgan Stanley started coverage on Stars Group in a report on Wednesday, May 1st. They set an “equal weight” rating and a $20.00 price objective on the stock. ValuEngine cut Stars Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Desjardins upgraded Stars Group from a “hold” rating to a “buy” rating and set a $17.69 target price on the stock in a research note on Thursday, March 28th. Zacks Investment Research cut Stars Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 9th. Finally, Echelon Wealth Partners restated a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Stars Group presently has a consensus rating of “Hold” and a consensus price target of $25.22.

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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Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

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