The Stars Group (TSG) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of The Stars Group (NASDAQ:TSG) from a hold rating to a buy rating in a research note released on Wednesday morning.

Separately, ValuEngine raised shares of The Stars Group from a buy rating to a strong-buy rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $27.33.

The Stars Group (NASDAQ TSG) opened at $26.45 on Wednesday. The Stars Group has a 1-year low of $14.01 and a 1-year high of $26.95. The stock has a market cap of $3,923.81, a price-to-earnings ratio of 20.66 and a beta of 2.10. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.46.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd acquired a new position in shares of The Stars Group during the fourth quarter valued at $683,341,000. Tiger Legatus Capital Management LLC lifted its holdings in The Stars Group by 0.4% in the fourth quarter. Tiger Legatus Capital Management LLC now owns 3,350,000 shares of the company’s stock worth $77,978,000 after purchasing an additional 15,000 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in The Stars Group by 39.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,015,000 shares of the company’s stock worth $70,250,000 after purchasing an additional 855,400 shares during the period. Vanguard Group Inc. lifted its holdings in The Stars Group by 12.0% in the second quarter. Vanguard Group Inc. now owns 2,497,798 shares of the company’s stock worth $44,711,000 after purchasing an additional 267,566 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in The Stars Group by 2,506.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,288,485 shares of the company’s stock worth $53,322,000 after purchasing an additional 2,200,682 shares during the period. 67.67% of the stock is owned by institutional investors.

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The Stars Group Company Profile

The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.

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