Beacon Pointe Advisors LLC Sells 102,000 Shares of Super Group Limited (NYSE:SGHC)

Beacon Pointe Advisors LLC lessened its position in Super Group Limited (NYSE:SGHC - Free Report) by 50.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,436 shares of the company's stock after selling 102,000 shares during the period. Beacon Pointe Advisors LLC's holdings in Super Group were worth $626,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Helikon Investments Ltd boosted its holdings in shares of Super Group by 82.5% during the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock valued at $20,148,000 after acquiring an additional 1,462,418 shares during the last quarter. Invesco Ltd. lifted its position in Super Group by 500.9% during the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after purchasing an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock worth $8,106,000 after purchasing an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. grew its position in Super Group by 332.8% in the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after purchasing an additional 755,044 shares during the period. Finally, American Century Companies Inc. raised its stake in Super Group by 19.4% during the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock valued at $27,120,000 after buying an additional 707,723 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BTIG Research assumed coverage on Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 price objective for the company. Canaccord Genuity Group boosted their price target on Super Group from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Monday. Benchmark reiterated a "buy" rating and issued a $12.00 price objective on shares of Super Group in a research note on Wednesday, April 16th. Needham & Company LLC boosted their target price on shares of Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer increased their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $10.80.

Super Group Trading Up 4.0 %

Super Group stock traded up $0.35 during midday trading on Wednesday, hitting $9.08. The stock had a trading volume of 1,182,331 shares, compared to its average volume of 626,246. Super Group Limited has a 52-week low of $2.91 and a 52-week high of $9.17. The company has a market capitalization of $4.57 billion, a PE ratio of 151.36 and a beta of 1.01. The firm's fifty day moving average is $7.17 and its two-hundred day moving average is $6.69.

Super Group (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $517.61 million during the quarter, compared to analysts' expectations of $413.00 million. As a group, equities research analysts predict that Super Group Limited will post 0.29 earnings per share for the current fiscal year.

Super Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group's dividend payout ratio (DPR) is 66.67%.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.