Balter Liquid Alternatives LLC boosted its stake in shares of Stars Group Inc (NASDAQ:TSG) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,732 shares of the company’s stock after purchasing an additional 2,168 shares during the period. Balter Liquid Alternatives LLC’s holdings in Stars Group were worth $613,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP bought a new position in Stars Group in the second quarter worth approximately $107,000. Wells Fargo & Company MN bought a new position in Stars Group in the first quarter worth approximately $198,000. Atria Investments LLC bought a new position in Stars Group in the second quarter worth approximately $227,000. Quantitative Systematic Strategies LLC bought a new position in Stars Group in the second quarter worth approximately $233,000. Finally, LPL Financial LLC bought a new position in Stars Group in the first quarter worth approximately $303,000. Institutional investors own 48.54% of the company’s stock.

Shares of NASDAQ TSG opened at $28.00 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $6.96 billion, a PE ratio of 12.42 and a beta of 1.71. Stars Group Inc has a 1 year low of $15.85 and a 1 year high of $38.95.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Monday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The firm had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. Stars Group had a net margin of 19.39% and a return on equity of 24.66%. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share. research analysts predict that Stars Group Inc will post 2.5 earnings per share for the current fiscal year.

Several research analysts have weighed in on TSG shares. Desjardins upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. ValuEngine cut shares of Stars Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research cut shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. BidaskClub raised shares of Stars Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. Finally, Macquarie reduced their price objective on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.50.

Stars Group Company Profile

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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Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

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