Super Group (SGHC) Limited $SGHC Holdings Raised by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly boosted its stake in Super Group (SGHC) by 61.6%, owning a total of 138,914 shares valued at approximately $895,000.
• Several institutional investors, including Quarry LP and GAMMA Investing LLC, made substantial increases in their holdings in Super Group (SGHC) during the first quarter of the year.
• Analysts maintain a positive outlook on Super Group (SGHC), with an average rating of "Buy" and a price target increasing to around $17.00, reflecting growing confidence in the company's performance.

Jacobs Levy Equity Management Inc. boosted its stake in shares of Super Group (SGHC) Limited (NYSE:SGHC - Free Report) by 61.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,914 shares of the company's stock after purchasing an additional 52,974 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Super Group (SGHC) were worth $895,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after buying an additional 3,129 shares during the last quarter. GAMMA Investing LLC grew its stake in Super Group (SGHC) by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after buying an additional 4,192 shares during the last quarter. Pacer Advisors Inc. grew its stake in Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after buying an additional 1,662 shares during the last quarter. Signaturefd LLC grew its stake 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 buying an additional 2,662 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Super Group (SGHC) during the 1st quarter worth $37,000. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Canaccord Genuity Group upped their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Citigroup assumed coverage on Super Group (SGHC) in a research note on Monday, July 14th. They set an "outperform" rating for the company. JMP Securities assumed coverage on Super Group (SGHC) in a research note on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective for the company. Finally, Needham & Company LLC upped their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat, Super Group (SGHC) currently has an average rating of "Buy" and an average price target of $13.88.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $12.96 on Friday. Super Group has a 1 year low of $3.44 and a 1 year high of $13.47. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 48.00 and a beta of 1.09. The business has a fifty day moving average of $11.52 and a 200-day moving average of $9.29.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Super Group (SGHC)'s dividend payout ratio is presently 59.26%.

Super Group (SGHC) 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.

Want to see what other hedge funds are holding SGHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Group (SGHC) Limited (NYSE:SGHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.