Public Employees Retirement System of Ohio acquired a new position in shares of Super Group Limited (NYSE:SGHC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,444 shares of the company's stock, valued at approximately $327,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in Super Group by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after purchasing an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after buying an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Super Group by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock valued at $6,118,000 after buying an additional 755,044 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Super Group by 19.4% during the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after acquiring an additional 707,723 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Super Group by 66.1% during the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock worth $7,505,000 after acquiring an additional 479,440 shares during the last quarter. Institutional investors own 5.09% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SGHC. BTIG Research started coverage on Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 price target for the company. Benchmark reissued a "buy" rating and issued a $12.00 price objective on shares of Super Group in a research report on Wednesday, April 16th. Craig Hallum set a $12.00 target price on shares of Super Group in a report on Monday, May 19th. Needham & Company LLC increased their price target on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $11.50.
Get Our Latest Report on Super Group
Super Group Price Performance
NYSE SGHC traded up $0.54 on Friday, reaching $9.21. The stock had a trading volume of 2,476,542 shares, compared to its average volume of 678,008. The company has a market cap of $4.63 billion, a P/E ratio of 153.44 and a beta of 1.01. The firm has a fifty day moving average of $7.99 and a two-hundred day moving average of $7.32. Super Group Limited has a 1-year low of $2.91 and a 1-year high of $9.22.
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. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The business had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Research analysts predict that Super Group Limited will post 0.29 EPS for the current fiscal year.
Super Group Company Profile
(
Free Report)
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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