Zacks Investment Research upgraded shares of Stars Group (NASDAQ:TSG) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Stars Group from a sell rating to a strong sell rating in a report on Wednesday. Morgan Stanley began coverage on shares of Stars Group in a report on Wednesday, May 1st. They issued an equal weight rating and a $20.00 price target on the stock. Desjardins upgraded shares of Stars Group from a hold rating to a buy rating and set a $17.69 price target on the stock in a report on Thursday, March 28th. Echelon Wealth Partners restated a buy rating on shares of Stars Group in a report on Wednesday, March 6th. Finally, BidaskClub cut shares of Stars Group from a sell rating to a strong sell rating in a report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $25.22.

Stars Group stock traded down $0.06 during midday trading on Wednesday, hitting $18.19. 276,397 shares of the company’s stock were exchanged, compared to its average volume of 2,298,108. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 1.03. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 8.26 and a beta of 1.60.

Stars Group (NASDAQ:TSG) last issued its earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. The business had revenue of $580.34 million for the quarter, compared to the consensus estimate of $621.34 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm’s revenue was up 47.7% on a year-over-year basis. On average, equities analysts expect that Stars Group will post 1.95 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in TSG. Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 3,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 235,489 shares during the period. Legal & General Group Plc boosted its holdings in shares of Stars Group by 239.3% during the third quarter. Legal & General Group Plc now owns 94,477 shares of the company’s stock worth $2,345,000 after acquiring an additional 66,629 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 153,027 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of 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 acquiring an additional 153,027 shares during the period. Institutional investors own 62.11% of the company’s stock.

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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