Goldman Sachs Group Inc. Has $2.78 Million Position in Super Group (SGHC) Limited $SGHC

Key Points

• Goldman Sachs Group Inc. has reduced its holdings in Super Group (SGHC) Limited by 12.8%, owning approximately 0.09% of the company after selling 63,506 shares.
• Despite the sale, other institutional investors such as Rhumbline Advisers and Acadian Asset Management have increased their stakes in SGHC, indicating mixed market sentiment.
• Super Group's recent earnings report revealed a miss on EPS estimates, reporting $0.11 versus a consensus of $0.13, while also announcing a quarterly dividend of $0.04 per share.

Goldman Sachs Group Inc. decreased its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 431,569 shares of the company's stock after selling 63,506 shares during the quarter. Goldman Sachs Group Inc. owned 0.09% of Super Group (SGHC) worth $2,779,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SGHC. Quarry LP increased its stake in Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after acquiring an additional 3,129 shares during the period. GAMMA Investing LLC increased its stake in Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after acquiring an additional 4,192 shares during the period. Pacer Advisors Inc. increased its stake in Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after acquiring an additional 1,662 shares during the period. Signaturefd LLC increased its stake in Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after acquiring an additional 2,662 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Super Group (SGHC) in the first quarter valued at about $37,000. Institutional investors own 5.09% of the company's stock.

Wall Street Analysts Forecast Growth

SGHC has been the topic of a number of analyst reports. JMP Securities upped their target price on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Monday. UBS Group set a $18.00 target price on shares of Super Group (SGHC) in a research note on Thursday. Citizens Jmp initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price on the stock. Canaccord Genuity Group boosted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of "Buy" and a consensus target price of $15.40.

Super Group (SGHC) Price Performance

Shares of SGHC stock traded up $0.19 during trading hours on Tuesday, reaching $13.05. 373,513 shares of the company were exchanged, compared to its average volume of 1,462,207. Super Group has a fifty-two week low of $3.44 and a fifty-two week high of $13.71. The stock's fifty day moving average is $11.66 and its two-hundred day moving average is $9.58. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 50.23 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $503.00 million. On average, research analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.04 per share. 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 is presently 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.