Stevens Capital Management LP bought a new stake in Stars Group Inc (NASDAQ:TSG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 49,802 shares of the company’s stock, valued at approximately $872,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Odey Asset Management Group Ltd lifted its stake in Stars Group by 182.6% during the fourth quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock worth $78,044,000 after purchasing an additional 3,052,237 shares during the period. Vanguard Group Inc lifted its stake in Stars Group by 4.4% during the third quarter. Vanguard Group Inc now owns 3,613,612 shares of the company’s stock worth $89,979,000 after purchasing an additional 153,027 shares during the period. Vanguard Group Inc. lifted its stake in Stars Group by 4.4% during the third quarter. Vanguard Group Inc. now owns 3,613,612 shares of the company’s stock worth $89,979,000 after purchasing an additional 153,027 shares during the period. Norges Bank bought a new position in Stars Group during the fourth quarter worth about $30,402,000. Finally, JPMorgan Chase & Co. lifted its stake in Stars Group by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 1,051,677 shares of the company’s stock worth $26,187,000 after purchasing an additional 235,489 shares during the period. Institutional investors and hedge funds own 62.11% of the company’s stock.

NASDAQ:TSG opened at $18.49 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $5.08 billion, a PE ratio of 8.44 and a beta of 1.60. Stars Group Inc has a 1 year low of $15.10 and a 1 year high of $38.95.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. Stars Group had a negative net margin of 4.99% and a positive return on equity of 16.48%. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. As a group, sell-side analysts anticipate that Stars Group Inc will post 1.95 EPS for the current year.

TSG has been the subject of a number of research analyst reports. Echelon Wealth Partners reiterated a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Desjardins upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $17.69 target price for the company in a research note on Thursday, March 28th. Morgan Stanley initiated coverage on shares of Stars Group in a research note on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 target price for the company. Zacks Investment Research upgraded shares of Stars Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine upgraded shares of Stars Group from a “strong sell” rating to a “sell” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.22.

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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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