The Manufacturers Life Insurance Company lifted its stake in Stars Group Inc (NASDAQ:TSG) by 2.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,907,815 shares of the company’s stock after buying an additional 41,755 shares during the period. The Manufacturers Life Insurance Company’s holdings in Stars Group were worth $33,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TSG. NumerixS Investment Technologies Inc acquired a new stake in Stars Group during the fourth quarter worth $63,000. Creative Planning acquired a new stake in Stars Group during the first quarter worth $214,000. Bailard Inc. boosted its stake in Stars Group by 36.4% during the fourth quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after buying an additional 3,705 shares in the last quarter. Citigroup Inc. boosted its stake in Stars Group by 133.5% during the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock worth $273,000 after buying an additional 65,762 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Stars Group by 447.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 18,074 shares of the company’s stock worth $299,000 after buying an additional 14,774 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

Shares of NASDAQ:TSG traded down $0.50 on Wednesday, hitting $16.29. The stock had a trading volume of 76,105 shares, compared to its average volume of 2,373,374. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88. Stars Group Inc has a twelve month low of $15.10 and a twelve month high of $38.95. The company has a market capitalization of $4.85 billion, a PE ratio of 7.44 and a beta of 1.60.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The business had revenue of $580.34 million during the quarter, compared to the consensus estimate of $621.34 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. On average, analysts forecast that Stars Group Inc will post 1.89 EPS for the current year.

Several brokerages have recently commented on TSG. Morgan Stanley began coverage on shares of Stars Group in a research note on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 target price on the stock. Desjardins downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine downgraded shares of Stars Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Echelon Wealth Partners restated a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of Stars Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.22.

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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.

Further Reading: What is intrinsic value?

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

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