Stars Group Inc (NASDAQ:TSG) Shares Bought by Cerebellum GP LLC

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Cerebellum GP LLC raised its holdings in Stars Group Inc (NASDAQ:TSG) by 20.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,678 shares of the company’s stock after acquiring an additional 3,610 shares during the period. Cerebellum GP LLC’s holdings in Stars Group were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TSG. FMR LLC lifted its holdings in Stars Group by 12.7% in the 1st quarter. FMR LLC now owns 3,104,137 shares of the company’s stock valued at $54,353,000 after acquiring an additional 350,269 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Stars Group by 78.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 32,297 shares of the company’s stock valued at $565,000 after buying an additional 14,223 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Stars Group by 3,449.0% during the second quarter. Wells Fargo & Company MN now owns 47,911 shares of the company’s stock valued at $818,000 after buying an additional 46,561 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Stars Group during the second quarter valued at about $145,000. Finally, AMP Capital Investors Ltd lifted its stake in Stars Group by 3.7% during the second quarter. AMP Capital Investors Ltd now owns 51,336 shares of the company’s stock valued at $873,000 after buying an additional 1,824 shares in the last quarter. 68.01% of the stock is owned by institutional investors.

A number of research firms have commented on TSG. Desjardins lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. BidaskClub lowered shares of Stars Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. ValuEngine lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Stars Group in a research note on Monday, October 7th. Finally, Jefferies Financial Group began coverage on shares of Stars Group in a research note on Monday, September 23rd. They set a “hold” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Stars Group has an average rating of “Hold” and a consensus price target of $23.46.

TSG stock opened at $25.46 on Thursday. The firm has a market capitalization of $7.25 billion, a PE ratio of 13.60 and a beta of 1.58. Stars Group Inc has a one year low of $12.59 and a one year high of $26.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average of $25.12 and a two-hundred day moving average of $19.54.

Stars Group (NASDAQ:TSG) last issued its earnings results on Thursday, November 7th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $622.50 million for the quarter, compared to the consensus estimate of $639.82 million. Stars Group had a positive return on equity of 12.31% and a negative net margin of 2.28%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, equities research analysts anticipate that Stars Group Inc will post 1.76 earnings per share for the current year.

Stars Group Profile

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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Institutional Ownership by Quarter for Stars Group (NASDAQ:TSG)

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