Beacon Pointe Advisors LLC Reduces Position in Super Group Limited (NYSE:SGHC)

Beacon Pointe Advisors LLC cut its stake in shares of Super Group Limited (NYSE:SGHC - Free Report) by 50.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,436 shares of the company's stock after selling 102,000 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Super Group were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its position in Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company's stock valued at $978,000 after buying an additional 157,693 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Super Group by 106.0% in the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock valued at $824,000 after acquiring an additional 116,740 shares in the last quarter. Renaissance Technologies LLC grew its stake in Super Group by 35.7% in the 4th quarter. Renaissance Technologies LLC now owns 134,901 shares of the company's stock valued at $840,000 after purchasing an additional 35,500 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Super Group by 360.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after purchasing an additional 1,018,664 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Super Group by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after buying an additional 707,723 shares during the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group Price Performance

NYSE:SGHC traded down $0.44 during mid-day trading on Friday, reaching $8.35. 657,917 shares of the company's stock traded hands, compared to its average volume of 629,713. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 139.19 and a beta of 1.01. The company has a 50 day moving average price of $7.24 and a 200-day moving average price of $6.74. Super Group Limited has a 12-month low of $2.91 and a 12-month high of $9.55.

Super Group (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $495.96 million for the quarter, compared to analysts' expectations of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. As a group, analysts forecast that Super Group Limited will post 0.29 EPS for the current year.

Super Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Super Group

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.