Stars Group (TSG) Hits New 12-Month Low at $16.30
Stars Group Inc (NASDAQ:TSG) hit a new 52-week low during trading on Tuesday . The company traded as low as $16.30 and last traded at $16.49, with a volume of 97772 shares changing hands. The stock had previously closed at $16.76.
A number of brokerages recently commented on TSG. Zacks Investment Research lowered Stars Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Macquarie decreased their price target on Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, August 14th. BidaskClub raised Stars Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. ValuEngine downgraded Stars Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, TheStreet downgraded Stars Group from a “b” rating to a “c” rating in a report on Monday, August 20th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.
The firm has a market cap of $4.71 billion, a PE ratio of 7.27 and a beta of 1.67. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05.
A number of large investors have recently made changes to their positions in the business. CIBC World Markets Inc. raised its stake in shares of Stars Group by 0.8% during the 2nd quarter. CIBC World Markets Inc. now owns 192,466 shares of the company’s stock worth $6,987,000 after buying an additional 1,606 shares during the period. Balter Liquid Alternatives LLC raised its stake in shares of Stars Group by 14.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock worth $613,000 after buying an additional 2,168 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Stars Group by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock worth $5,631,000 after buying an additional 2,500 shares during the period. Twin Tree Management LP purchased a new stake in shares of Stars Group during the second quarter worth approximately $107,000. Finally, Bank of New York Mellon Corp increased its position in shares of Stars Group by 32.7% during the third quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock worth $303,000 after purchasing an additional 3,000 shares in the last quarter. 46.51% of the stock is owned by institutional investors.
About Stars Group (NASDAQ:TSG)
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.
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