Mackenzie Financial Corp Buys 197,795 Shares of Super Group (SGHC) Limited (NYSE:SGHC)

Key Points

• Mackenzie Financial Corp increased its holdings in Super Group (SGHC) by 349.9%, acquiring an additional 197,795 shares to own approximately 0.05% of the company, valued at $1.64 million.
• Several hedge funds, including Pacer Advisors Inc. and Bank of New York Mellon Corp, also reported significant stake increases in Super Group (SGHC) during the first quarter.
• Analysts have recently assigned a strong-buy rating to Super Group (SGHC) with a price target of up to $15.00, indicating positive sentiment toward the stock's potential growth.

Mackenzie Financial Corp lifted its position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 349.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 254,318 shares of the company's stock after buying an additional 197,795 shares during the period. Mackenzie Financial Corp owned about 0.05% of Super Group (SGHC) worth $1,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Super Group (SGHC) in the 1st quarter worth approximately $526,000. BNP Paribas Financial Markets purchased a new position in Super Group (SGHC) during the fourth quarter valued at $369,000. SG Americas Securities LLC increased its position in Super Group (SGHC) by 105.6% in the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock worth $908,000 after buying an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Super Group (SGHC) by 50.6% in the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after buying an additional 229,211 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Super Group (SGHC) by 66.1% during the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock valued at $7,505,000 after buying an additional 479,440 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Trading Up 2.0%

Shares of SGHC stock traded up $0.21 on Friday, reaching $10.59. The company's stock had a trading volume of 440,311 shares, compared to its average volume of 1,088,488. The stock's fifty day simple moving average is $10.49 and its 200-day simple moving average is $8.64. Super Group has a 1 year low of $2.94 and a 1 year high of $12.18. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 39.13 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. Equities research analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a $0.04 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.16 annualized dividend and a yield of 1.5%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SGHC shares. Citizens Jmp assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target on the stock. Needham & Company LLC upped their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen raised shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Canaccord Genuity Group boosted their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Citigroup started coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set an "outperform" rating for the company. Seven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $13.88.

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.