Stars Group (NASDAQ:TSG) Shares Gap Up to $13.43

Stars Group Inc (NASDAQ:TSG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $13.56, but opened at $13.43. Stars Group shares last traded at $13.31, with a volume of 124,786 shares trading hands.

Several equities analysts have recently weighed in on the stock. Barclays set a $21.00 price objective on shares of Stars Group and gave the company a “hold” rating in a research report on Monday. Desjardins raised shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley assumed coverage on shares of Stars Group in a research report on Wednesday, May 1st. They set an “equal weight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “neutral” rating on the stock. Finally, ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.28.

The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 6.08 and a beta of 1.54. The stock has a 50-day moving average price of $16.06. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.88 and a quick ratio of 0.88.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Monday, August 12th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The business had revenue of $637.62 million for the quarter, compared to analyst estimates of $655.97 million. During the same period last year, the firm earned $0.53 earnings per share. Stars Group’s revenue for the quarter was up 55.0% compared to the same quarter last year. On average, analysts forecast that Stars Group Inc will post 1.88 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc grew its stake in Stars Group by 0.7% during the first quarter. CIBC Asset Management Inc now owns 119,664 shares of the company’s stock worth $2,092,000 after buying an additional 872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $496,000 after buying an additional 1,133 shares in the last quarter. AMP Capital Investors Ltd grew its stake in Stars Group by 3.7% during the second quarter. AMP Capital Investors Ltd now owns 51,336 shares of the company’s stock worth $873,000 after buying an additional 1,824 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Stars Group by 12.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,949 shares of the company’s stock worth $546,000 after buying an additional 3,559 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Stars Group by 28.8% during the second quarter. Invesco Ltd. now owns 19,464 shares of the company’s stock worth $332,000 after buying an additional 4,355 shares in the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.

About Stars Group (NASDAQ:TSG)

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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