Massey Quick Simon & CO. LLC purchased a new stake in Stars Group Inc (NASDAQ:TSG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,924 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors also recently modified their holdings of the company. AlphaOne Investment Services LLC bought a new position in shares of Stars Group during the 2nd quarter worth about $638,000. JPMorgan Chase & Co. lifted its holdings in shares of Stars Group by 52.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 547,664 shares of the company’s stock worth $9,310,000 after acquiring an additional 187,910 shares during the period. Vanguard Capital Wealth Advisors bought a new position in shares of Stars Group during the 2nd quarter worth about $633,000. Mirador Capital Partners LP bought a new position in shares of Stars Group during the 2nd quarter worth about $1,241,000. Finally, Boston Partners bought a new position in shares of Stars Group during the 2nd quarter worth about $75,451,000. 65.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Stars Group stock traded up $0.04 during mid-day trading on Wednesday, reaching $19.94. 341,872 shares of the stock were exchanged, compared to its average volume of 6,264,105. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 9.11 and a beta of 1.53. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17. The firm has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $16.94. Stars Group Inc has a fifty-two week low of $12.59 and a fifty-two week high of $24.37.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $637.62 million during the quarter, compared to analysts’ expectations of $655.97 million. Stars Group had a net margin of 0.39% and a return on equity of 11.76%. The company’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. On average, research analysts predict that Stars Group Inc will post 1.74 EPS for the current fiscal year.

TSG has been the subject of a number of analyst reports. BidaskClub raised shares of Stars Group from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Barclays cut shares of Stars Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 10th. ValuEngine upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank started coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “hold” rating for the company. Finally, Jefferies Financial Group started coverage on shares of Stars Group in a research report on Monday, September 23rd. They set a “hold” rating and a $18.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.24.

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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