James Investment Research Inc. trimmed its stake in Stars Group Inc (NASDAQ:TSG) by 23.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,036 shares of the company’s stock after selling 20,052 shares during the quarter. James Investment Research Inc.’s holdings in Stars Group were worth $1,091,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Lourd Capital LLC grew its stake in Stars Group by 3.4% during the 4th quarter. Lourd Capital LLC now owns 55,350 shares of the company’s stock valued at $914,000 after acquiring an additional 1,830 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Stars Group by 32.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock valued at $303,000 after buying an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Stars Group during the 2nd quarter valued at about $127,000. Jefferies Group LLC lifted its holdings in Stars Group by 15.2% in the 3rd quarter. Jefferies Group LLC now owns 28,968 shares of the company’s stock worth $719,000 after purchasing an additional 3,824 shares during the last quarter. Finally, JS Capital Management LLC lifted its holdings in Stars Group by 8.7% in the 3rd quarter. JS Capital Management LLC now owns 48,900 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.
Shares of NASDAQ:TSG opened at $16.30 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.24 and a beta of 1.63. Stars Group Inc has a fifty-two week low of $15.10 and a fifty-two week high of $38.95.
TSG has been the subject of several analyst reports. BidaskClub upgraded Stars Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research raised Stars Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 17th. ValuEngine downgraded Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Finally, Susquehanna Bancshares started coverage on Stars Group in a research report on Friday, December 7th. They issued a “positive” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.40.
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Stars Group 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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