Stars Group (TSG) Cut to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Stars Group (NASDAQ:TSG) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning.

Several other analysts also recently issued reports on TSG. Goldman Sachs Group started coverage on shares of Stars Group in a report on Wednesday, September 26th. They set a buy rating for the company. BidaskClub raised shares of Stars Group from a strong sell rating to a sell rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Stars Group from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Wednesday, October 17th. Finally, TheStreet downgraded shares of Stars Group from a b rating to a c rating in a report on Monday, August 20th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $33.50.

TSG stock traded down $0.70 during trading hours on Tuesday, hitting $17.52. The company’s stock had a trading volume of 134,401 shares, compared to its average volume of 1,861,684. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 7.72 and a beta of 1.67. Stars Group has a 12 month low of $17.61 and a 12 month high of $38.95.

Stars Group (NASDAQ:TSG) last posted its earnings results on Wednesday, November 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The business had revenue of $571.98 million during the quarter, compared to the consensus estimate of $601.68 million. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The business’s revenue was up 73.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, research analysts expect that Stars Group will post 2.19 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP acquired a new position in Stars Group during the 2nd quarter valued at $107,000. Tower Research Capital LLC TRC acquired a new position in shares of Stars Group in the 2nd quarter valued at $127,000. Wells Fargo & Company MN acquired a new position in shares of Stars Group in the 1st quarter valued at $198,000. Monetary Management Group Inc. acquired a new position in shares of Stars Group in the 2nd quarter valued at $200,000. Finally, Atria Investments LLC acquired a new position in shares of Stars Group in the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 46.60% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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