Millennium Management LLC Acquires 479,440 Shares of Super Group Limited (NYSE:SGHC)

Millennium Management LLC raised its holdings in shares of Super Group Limited (NYSE:SGHC - Free Report) by 66.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,663 shares of the company's stock after acquiring an additional 479,440 shares during the quarter. Millennium Management LLC owned approximately 0.24% of Super Group worth $7,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Helikon Investments Ltd lifted its holdings in shares of Super Group by 82.5% during the 4th 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 during the last quarter. Invesco Ltd. increased its position in Super Group by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after buying an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Super Group by 360.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock worth $8,106,000 after buying an additional 1,018,664 shares during the period. JPMorgan Chase & Co. increased its position in Super Group by 332.8% in the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after buying an additional 755,044 shares during the period. Finally, American Century Companies Inc. increased its position in Super Group by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after buying an additional 707,723 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

Super Group Stock Up 0.1%

NYSE:SGHC traded up $0.01 during trading hours on Friday, reaching $8.76. The company had a trading volume of 244,554 shares, compared to its average volume of 656,776. The stock has a 50-day moving average of $7.74 and a two-hundred day moving average of $7.17. Super Group Limited has a one year low of $2.91 and a one year high of $9.17. The firm has a market capitalization of $4.41 billion, a PE ratio of 145.94 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last announced 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. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The firm had revenue of $495.96 million for the quarter, compared to analysts' expectations of $423.91 million. As a group, sell-side analysts expect that Super Group Limited will post 0.29 earnings per share for the current 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.