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

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Super Group (SGHC) in the 1st quarter valued at $526,000. BNP Paribas Financial Markets acquired a new stake in shares of Super Group (SGHC) during the 4th quarter valued at $369,000. State of Wyoming boosted its holdings in shares of Super Group (SGHC) by 31.9% during the 1st quarter. State of Wyoming now owns 93,970 shares of the company's stock valued at $605,000 after acquiring an additional 22,715 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Super Group (SGHC) by 105.6% during the 1st quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after acquiring an additional 72,380 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Super Group (SGHC) by 50.6% during the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after acquiring an additional 229,211 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SGHC shares. Needham & Company LLC raised their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Macquarie started coverage on Super Group (SGHC) in a report on Monday. They set an "outperform" rating and a $17.00 target price on the stock. Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday. Citizens Jmp assumed coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective on the stock. Finally, Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research note on Monday, May 19th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $14.22.

Super Group (SGHC) Trading Up 3.1%

Shares of SGHC stock traded up $0.39 during trading on Tuesday, hitting $13.08. The company's stock had a trading volume of 4,475,325 shares, compared to its average volume of 1,373,965. The company has a market cap of $6.58 billion, a PE ratio of 50.31 and a beta of 1.09. The business has a fifty day moving average of $11.58 and a 200-day moving average of $9.39. Super Group has a 52 week low of $3.44 and a 52 week high of $13.49.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. As a group, research analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is 61.54%.

About Super Group (SGHC)

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.