Credit Agricole S A purchased a new position in Stars Group Inc (NASDAQ:TSG) in the second quarter, Holdings Channel reports. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $654,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd boosted its stake in shares of Stars Group by 0.5% in the 1st quarter. Caledonia Private Investments Pty Ltd now owns 29,510,716 shares of the company’s stock valued at $1,049,401,000 after purchasing an additional 157,583 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Stars Group by 208.0% in the 2nd quarter. Bank of Montreal Can now owns 7,635,026 shares of the company’s stock valued at $277,152,000 after purchasing an additional 5,156,010 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stars Group by 45.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,996,149 shares of the company’s stock valued at $253,583,000 after purchasing an additional 2,171,580 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Stars Group by 347.8% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 4,237,500 shares of the company’s stock valued at $150,686,000 after purchasing an additional 3,291,200 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Stars Group by 71.3% in the 2nd quarter. Toronto Dominion Bank now owns 3,131,500 shares of the company’s stock valued at $113,482,000 after purchasing an additional 1,303,133 shares in the last quarter. 61.37% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on TSG shares. BidaskClub cut shares of Stars Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, July 27th. TheStreet cut shares of Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. ValuEngine cut shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Macquarie dropped their price target on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Stars Group presently has an average rating of “Hold” and a consensus target price of $41.50.

Shares of TSG opened at $28.25 on Friday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 12.56 and a beta of 1.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.93 and a quick ratio of 1.93. Stars Group Inc has a twelve month low of $15.85 and a twelve month high of $38.95.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Monday, August 13th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The business had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. equities research analysts forecast that Stars Group Inc will post 2.22 EPS for the current fiscal year.

About Stars Group

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

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