Super Group Limited (NYSE:SGHC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its holdings in shares of Super Group Limited (NYSE:SGHC - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,478 shares of the company's stock after selling 32,639 shares during the quarter. Bank of America Corp DE's holdings in Super Group were worth $763,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SGHC. Aquatic Capital Management LLC acquired a new stake in Super Group during the 4th quarter worth $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Super Group during the fourth quarter worth about $66,000. Xponance Inc. purchased a new stake in shares of Super Group in the 4th quarter valued at about $67,000. Fox Run Management L.L.C. acquired a new stake in shares of Super Group in the 4th quarter valued at about $75,000. Finally, Cibc World Markets Corp acquired a new position in Super Group during the fourth quarter worth approximately $87,000. Hedge funds and other institutional investors own 5.09% of the company's stock.

Super Group Trading Up 3.1%

Shares of NYSE:SGHC traded up $0.29 during midday trading on Thursday, hitting $9.60. The stock had a trading volume of 1,728,774 shares, compared to its average volume of 691,595. The company has a market capitalization of $4.83 billion, a PE ratio of 160.03 and a beta of 1.01. Super Group Limited has a 1 year low of $2.91 and a 1 year high of $9.62. The stock has a 50 day moving average price of $8.17 and a two-hundred day moving average price of $7.37.

Super Group (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company 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, equities analysts expect that Super Group Limited will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Needham & Company LLC increased their target price on shares of Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Craig Hallum set a $12.00 price target on Super Group in a research report on Monday, May 19th. Benchmark reaffirmed a "buy" rating and set a $12.00 price objective on shares of Super Group in a research note on Wednesday, April 16th. Finally, BTIG Research lifted their target price on Super Group from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Super Group presently has a consensus rating of "Buy" and an average price target of $11.83.

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.