Goldman Sachs Group assumed coverage on shares of Stars Group (NASDAQ:TSG) in a research report report published on Wednesday morning, The Fly reports. The firm issued a buy rating on the stock.

Several other equities research analysts have also recently weighed in on TSG. BidaskClub cut Stars Group from a buy rating to a hold rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded Stars Group from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Thursday, June 28th. ValuEngine cut Stars Group from a buy rating to a hold rating in a research note on Tuesday, August 7th. TheStreet cut Stars Group from a b rating to a c rating in a research note on Monday, August 20th. Finally, Macquarie decreased their price objective on Stars Group from $48.00 to $41.00 and set an outperform rating for the company in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $41.50.

Shares of TSG stock opened at $24.90 on Wednesday. Stars Group has a twelve month low of $19.65 and a twelve month high of $38.95. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.07 and a beta of 1.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93.

Stars Group (NASDAQ:TSG) last issued its earnings results on Monday, August 13th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The business had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. During the same period in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. equities analysts forecast that Stars Group will post 2.22 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC World Markets Inc. lifted 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 purchasing an additional 1,606 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Stars Group by 16.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 12,950 shares of the company’s stock valued at $357,000 after buying an additional 1,850 shares in the last quarter. Balter Liquid Alternatives LLC increased its position in Stars Group by 14.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock valued at $613,000 after buying an additional 2,168 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stars Group by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after buying an additional 2,500 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in Stars Group during the 2nd quarter valued at about $107,000. Hedge funds and other institutional investors own 61.37% of the company’s stock.

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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