Acadian Asset Management LLC Purchases 459,485 Shares of Super Group (SGHC) Limited $SGHC

Key Points

• Acadian Asset Management LLC increased its position in Super Group (SGHC) by 66.7% during the first quarter, owning a total of 1,148,713 shares worth approximately $7.4 million.
• Several hedge funds have similarly boosted their stakes in SGHC, with Millennium Management LLC raising its ownership by 127.2% and Trexquant Investment LP increasing its stake by 465.7%.
• Equity analysts have a consensus rating of "Buy" for Super Group (SGHC), with price targets ranging from $12.00 to $15.00, reflecting positive sentiment towards the stock.

Acadian Asset Management LLC grew its position in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 66.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,148,713 shares of the company's stock after acquiring an additional 459,485 shares during the quarter. Acadian Asset Management LLC owned about 0.23% of Super Group (SGHC) worth $7,379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Super Group (SGHC) during the first quarter valued at $526,000. BNP Paribas Financial Markets bought a new stake in shares of Super Group (SGHC) during the fourth quarter valued at about $369,000. State of Wyoming raised its stake in shares of Super Group (SGHC) by 31.9% during the first quarter. State of Wyoming now owns 93,970 shares of the company's stock valued at $605,000 after purchasing an additional 22,715 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Super Group (SGHC) by 105.6% during the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after purchasing an additional 72,380 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after purchasing an additional 229,211 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Thursday. Canaccord Genuity Group lifted their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Citigroup started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $15.20.

Super Group (SGHC) Stock Performance

SGHC traded down $1.01 during trading on Thursday, reaching $11.82. The company had a trading volume of 4,790,404 shares, compared to its average volume of 1,409,544. The firm's 50-day simple moving average is $11.63 and its 200 day simple moving average is $9.44. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 45.54 and a beta of 1.09. Super Group has a 12-month low of $3.44 and a 12-month high of $13.71.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The company had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. On average, sell-side analysts expect that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s payout ratio is 61.54%.

Super Group (SGHC) 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.