Mackenzie Financial Corp Raises Stock Holdings in 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 increased its position in Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 349.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,318 shares of the company's stock after acquiring an additional 197,795 shares during the period. Mackenzie Financial Corp owned approximately 0.05% of Super Group (SGHC) worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after acquiring an additional 1,662 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Super Group (SGHC) during the 1st quarter worth about $529,000. Segall Bryant & Hamill LLC acquired a new stake in Super Group (SGHC) during the 1st quarter worth about $2,110,000. Signaturefd LLC grew its position in Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Super Group (SGHC) by 21.3% during the 1st quarter. Bank of New York Mellon Corp now owns 360,842 shares of the company's stock worth $2,324,000 after purchasing an additional 63,453 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citizens Jmp assumed coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target on the stock. Wall Street Zen raised Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. Canaccord Genuity Group increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, JMP Securities started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a "market outperform" rating and a $15.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Super Group (SGHC) presently has an average rating of "Buy" and an average price target of $13.13.

Super Group (SGHC) Stock Up 1.2%

NYSE:SGHC opened at $10.80 on Tuesday. The stock has a market capitalization of $5.43 billion, a PE ratio of 39.98 and a beta of 1.08. Super Group has a 52 week low of $2.94 and a 52 week high of $12.18. The stock's 50-day moving average price is $10.37 and its 200-day moving average price is $8.58.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. Sell-side analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

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

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.

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