56,523 Shares in Super Group Limited (NYSE:SGHC) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in Super Group Limited (NYSE:SGHC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 56,523 shares of the company's stock, valued at approximately $352,000.

A number of other institutional investors have also added to or reduced their stakes in SGHC. Public Employees Retirement System of Ohio bought a new stake in shares of Super Group in the 4th quarter worth approximately $327,000. Principal Street Partners LLC boosted its stake in Super Group by 22.7% during the fourth quarter. Principal Street Partners LLC now owns 21,576 shares of the company's stock worth $134,000 after buying an additional 3,993 shares in the last quarter. State of Wyoming increased its holdings in Super Group by 62.2% in the 4th quarter. State of Wyoming now owns 71,255 shares of the company's stock valued at $444,000 after buying an additional 27,335 shares during the period. ProShare Advisors LLC raised its stake in shares of Super Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 42,200 shares of the company's stock valued at $263,000 after buying an additional 13,885 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Super Group by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after purchasing an additional 229,211 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Craig Hallum set a $12.00 price objective on Super Group in a report on Monday, May 19th. BTIG Research initiated coverage on shares of Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 price target for the company. Canaccord Genuity Group boosted their price target on shares of Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Needham & Company LLC raised their price objective on shares of Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Super Group in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $11.50.

Super Group Stock Up 6.2%

NYSE:SGHC traded up $0.54 during mid-day trading on Friday, reaching $9.21. 2,476,542 shares of the company were exchanged, compared to its average volume of 674,169. The stock has a market cap of $4.63 billion, a PE ratio of 153.44 and a beta of 1.01. Super Group Limited has a 12 month low of $2.91 and a 12 month high of $9.22. The company has a fifty day moving average of $7.94 and a 200 day moving average of $7.28.

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

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.