Nuveen Asset Management LLC Has $4.25 Million Stock Holdings in Super Group Limited (NYSE:SGHC)

Nuveen Asset Management LLC raised its stake in Super Group Limited (NYSE:SGHC - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,462 shares of the company's stock after acquiring an additional 229,211 shares during the period. Nuveen Asset Management LLC owned 0.14% of Super Group worth $4,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SGHC. Numerai GP LLC acquired a new position in shares of Super Group during the fourth quarter valued at $89,000. Millennium Management LLC increased its stake in shares of Super Group by 66.1% in the fourth quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock valued at $7,505,000 after purchasing an additional 479,440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Super Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after buying an additional 2,997 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Super Group by 11.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 85,940 shares of the company's stock worth $535,000 after buying an additional 9,085 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of Super Group during the fourth quarter worth approximately $283,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Super Group Stock Down 0.8%

Shares of SGHC traded down $0.07 during midday trading on Wednesday, reaching $8.64. 91,484 shares of the stock were exchanged, compared to its average volume of 879,015. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 144.02 and a beta of 1.01. Super Group Limited has a 12-month low of $2.91 and a 12-month high of $9.17. The firm has a 50 day simple moving average of $7.85 and a 200-day simple moving average of $7.25.

Super Group (NYSE:SGHC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Research analysts expect that Super Group Limited will post 0.29 earnings per share for the current fiscal year.

Super Group Company 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.