BNP Paribas Financial Markets Makes New $369,000 Investment in Super Group Limited (NYSE:SGHC)

BNP Paribas Financial Markets bought a new position in shares of Super Group Limited (NYSE:SGHC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 59,246 shares of the company's stock, valued at approximately $369,000.

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

Wall Street Analyst Weigh In

SGHC has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $12.00 price target on shares of Super Group in a research note on Wednesday, April 16th. BTIG Research started coverage on shares of Super Group in a research report on Friday, March 28th. They set a "buy" rating and a $9.00 target price for the company. Needham & Company LLC boosted their target price on shares of Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Craig Hallum set a $12.00 target price on shares of Super Group in a research report on Monday, May 19th. Finally, Canaccord Genuity Group boosted their target price 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Group currently has an average rating of "Buy" and an average target price of $11.50.

Super Group Stock Performance

NYSE:SGHC traded down $0.02 on Friday, hitting $8.74. The stock had a trading volume of 230,322 shares, compared to its average volume of 656,709. The stock has a market cap of $4.40 billion, a P/E ratio of 145.77 and a beta of 1.01. Super Group Limited has a 1 year low of $2.91 and a 1 year high of $9.17. The firm's fifty day simple moving average is $7.74 and its two-hundred day simple moving average is $7.17.

Super Group (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. Equities research analysts predict that Super Group Limited will post 0.29 EPS for the current year.

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.