Thompson Siegel & Walmsley LLC raised its position in Stars Group Inc (NASDAQ:TSG) by 1,495.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,271,053 shares of the company’s stock after purchasing an additional 2,128,725 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.83% of Stars Group worth $56,549,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC World Markets Inc. raised its stake in shares of Stars Group by 0.8% in the 2nd quarter. CIBC World Markets Inc. now owns 192,466 shares of the company’s stock valued at $6,987,000 after purchasing an additional 1,606 shares during the period. Balter Liquid Alternatives LLC increased its position in shares of Stars Group by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock valued at $613,000 after acquiring an additional 2,168 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Stars Group by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after acquiring an additional 2,500 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Stars Group in the second quarter valued at about $107,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Stars Group in the second quarter valued at about $127,000. 46.51% of the stock is currently owned by hedge funds and other institutional investors.
TSG has been the topic of a number of recent research reports. Macquarie lowered their target price on Stars Group from $48.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 14th. BidaskClub raised Stars Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research downgraded Stars Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, ValuEngine downgraded Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.50.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The business had revenue of $571.98 million for the quarter, compared to analyst estimates of $601.68 million. Stars Group had a positive return on equity of 18.05% and a negative net margin of 0.91%. Stars Group’s quarterly revenue was up 73.6% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. On average, analysts anticipate that Stars Group Inc will post 2.19 earnings per share for the current year.
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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