Stars Group (NASDAQ:TSG) Upgraded at BidaskClub

BidaskClub upgraded shares of Stars Group (NASDAQ:TSG) from a strong sell rating to a sell rating in a report published on Wednesday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Vermillion from a hold rating to a buy rating in a report on Wednesday, May 15th. Deutsche Bank raised shares of MGM CHINA HOLDI/ADR to a buy rating in a report on Monday, July 1st. Morgan Stanley upped their price objective on shares of Zendesk from $97.00 to $102.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SS&C Technologies in a report on Monday, July 1st. Finally, Desjardins reaffirmed a hold rating on shares of Choice Properties REIT in a report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $25.22.

Stars Group stock opened at $15.83 on Wednesday. The business’s 50-day moving average price is $16.59. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 7.23 and a beta of 1.55. 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 one year low of $15.10 and a one year high of $38.00.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). The firm 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 firm’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. As a group, research analysts expect that Stars Group will post 1.87 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of TSG. BlackRock Inc. acquired a new stake in Stars Group in the 4th quarter valued at about $3,366,000. K.J. Harrison & Partners Inc lifted its stake in Stars Group by 24.1% during the first quarter. K.J. Harrison & Partners Inc now owns 96,920 shares of the company’s stock valued at $1,694,000 after buying an additional 18,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Stars Group by 4.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,390 shares of the company’s stock valued at $496,000 after buying an additional 1,133 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Stars Group during the first quarter valued at about $9,736,000. Finally, Citigroup Inc. lifted its stake in Stars Group by 133.5% during the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock valued at $273,000 after buying an additional 65,762 shares in the last quarter. 60.72% of the stock is owned by institutional investors and hedge funds.

Stars Group Company Profile

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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Analyst Recommendations for Stars Group (NASDAQ:TSG)

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