Stars Group Inc (NASDAQ:TSG) saw some unusual options trading activity on Tuesday. Stock traders bought 6,651 call options on the company. This represents an increase of 1,436% compared to the typical volume of 433 call options.

Shares of Stars Group stock opened at $13.43 on Wednesday. Stars Group has a 1 year low of $12.59 and a 1 year high of $29.75. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 6.13 and a beta of 1.54. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The company’s 50 day moving average is $16.12.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $637.62 million during the quarter, compared to analyst estimates of $655.97 million. Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The business’s quarterly revenue was up 55.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Analysts anticipate that Stars Group will post 1.88 EPS for the current year.

Several equities research analysts have issued reports 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 for the company. Deutsche Bank assumed coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “hold” rating for the company. BidaskClub upgraded shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Sunday. Desjardins upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, 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 target price for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.22.

Several institutional investors and hedge funds have recently made changes to their positions in TSG. Russell Investments Group Ltd. purchased a new position in shares of Stars Group in the second quarter worth $145,000. Creative Planning purchased a new position in shares of Stars Group in the first quarter worth $214,000. FNY Investment Advisers LLC purchased a new position in shares of Stars Group in the second quarter worth $323,000. Bailard Inc. increased its stake in shares of Stars Group by 55.2% in the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock worth $368,000 after buying an additional 7,670 shares during the period. Finally, Davis Selected Advisers increased its stake in shares of Stars Group by 112.6% in the second quarter. Davis Selected Advisers now owns 24,980 shares of the company’s stock worth $426,000 after buying an additional 13,230 shares during the period. Hedge funds and other institutional investors own 60.78% of the company’s stock.

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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