Stars Group Inc (TSG) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its stake in shares of Stars Group Inc (NASDAQ:TSG) by 36.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 244,100 shares of the company’s stock after selling 139,300 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Stars Group were worth $4,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TSG. Blackstone Group L.P. bought a new position in Stars Group in the third quarter worth approximately $607,739,000. The Manufacturers Life Insurance Company raised its position in Stars Group by 33.1% in the third quarter. The Manufacturers Life Insurance Company now owns 1,013,742 shares of the company’s stock worth $25,242,000 after acquiring an additional 252,122 shares during the period. BlackRock Inc. raised its position in Stars Group by 6,666.7% in the second quarter. BlackRock Inc. now owns 203,000 shares of the company’s stock worth $7,369,000 after acquiring an additional 200,000 shares during the period. Great Lakes Advisors LLC bought a new position in Stars Group in the third quarter worth approximately $498,000. Finally, Toronto Dominion Bank raised its position in Stars Group by 143.5% in the third quarter. Toronto Dominion Bank now owns 7,624,640 shares of the company’s stock worth $189,945,000 after acquiring an additional 4,493,140 shares during the period. Institutional investors own 56.47% of the company’s stock.

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Several brokerages have recently commented on TSG. Barclays restated a “hold” rating and set a $20.60 price objective on shares of Stars Group in a research report on Tuesday, January 15th. ValuEngine downgraded shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. BidaskClub downgraded shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Stars Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. Finally, Canaccord Genuity restated a “buy” rating on shares of Stars Group in a research report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Stars Group currently has a consensus rating of “Hold” and a consensus target price of $28.40.

TSG opened at $16.60 on Friday. The firm has a market cap of $4.57 billion, a P/E ratio of 7.38 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. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05.

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Stars Group Company 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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