Stars Group Inc (NASDAQ:TSG) has been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.90.
TSG has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Desjardins reiterated a “hold” rating on shares of Choice Properties REIT in a research report on Thursday, May 16th. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a research report on Monday, July 1st. Finally, Morgan Stanley lifted their target price on shares of Zendesk from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Stars Group during the 4th quarter valued at about $3,366,000. Circle Road Advisors LP lifted its holdings in Stars Group by 110.4% during the 4th quarter. Circle Road Advisors LP now owns 301,702 shares of the company’s stock valued at $4,984,000 after purchasing an additional 158,313 shares during the last quarter. K.J. Harrison & Partners Inc lifted its holdings in Stars Group by 24.1% during the 1st quarter. K.J. Harrison & Partners Inc now owns 96,920 shares of the company’s stock valued at $1,694,000 after purchasing an additional 18,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stars Group by 4.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,390 shares of the company’s stock valued at $496,000 after purchasing an additional 1,133 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Stars Group during the 1st quarter valued at about $9,736,000. 60.72% of the stock is owned by hedge funds and other institutional investors.
Stars Group (NASDAQ:TSG) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.05). Stars Group had a positive return on equity of 12.81% and a negative net margin of 6.71%. The company had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. As a group, research analysts anticipate that Stars Group will post 1.87 EPS for the current 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.
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