The Stars Group (TSG) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of The Stars Group (NASDAQ:TSG) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “The Stars Group Inc. engages in the design, development, manufacture, distribution and sale of technology based gaming products and services. Its products include interactive gaming, land-based gaming and lottery solutions. The Stars Group Inc., formerly known as Amaya Inc, is headquartered in Toronto, Canada. “

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Several other equities research analysts have also weighed in on the company. ValuEngine raised The Stars Group from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. BidaskClub lowered The Stars Group from a buy rating to a hold rating in a research report on Monday, December 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $30.00.

Shares of The Stars Group (TSG) traded up $0.30 during midday trading on Thursday, hitting $29.10. The stock had a trading volume of 247,857 shares, compared to its average volume of 269,814. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.46. The Stars Group has a 1-year low of $14.25 and a 1-year high of $29.40. The firm has a market cap of $4,292.60, a price-to-earnings ratio of 13.05 and a beta of 1.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in The Stars Group during the fourth quarter worth approximately $202,000. Van ECK Associates Corp acquired a new position in The Stars Group during the third quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in The Stars Group during the third quarter worth approximately $210,000. Allianz Asset Management GmbH acquired a new position in The Stars Group during the fourth quarter worth approximately $241,000. Finally, Scotia Capital Inc. acquired a new position in The Stars Group during the fourth quarter worth approximately $270,000. 71.98% of the stock is currently owned by institutional investors and hedge funds.

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The Stars Group Company Profile

The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.

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