Jacobs Levy Equity Management Inc. lifted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,914 shares of the company's stock after acquiring an additional 52,974 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Super Group (SGHC) were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company's stock worth $1,082,000 after purchasing an additional 117,869 shares during the period. PDT Partners LLC grew its stake in Super Group (SGHC) by 114.1% during the first quarter. PDT Partners LLC now owns 82,425 shares of the company's stock worth $531,000 after purchasing an additional 43,928 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Super Group (SGHC) during the first quarter worth approximately $1,629,000. Graham Capital Management L.P. acquired a new stake in Super Group (SGHC) during the first quarter worth approximately $646,000. Finally, Quarry LP grew its stake in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.
Analyst Ratings Changes
SGHC has been the subject of a number of research reports. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Needham & Company LLC raised their price objective on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Macquarie initiated coverage on Super Group (SGHC) in a research note on Monday. They issued an "outperform" rating and a $17.00 price objective for the company. JMP Securities initiated coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective for the company. Finally, Wall Street Zen cut Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $14.22.
Read Our Latest Stock Analysis on SGHC
Super Group (SGHC) Price Performance
Shares of SGHC traded down $0.25 during mid-day trading on Wednesday, hitting $12.84. The stock had a trading volume of 4,612,339 shares, compared to its average volume of 3,279,365. The firm has a market cap of $6.46 billion, a P/E ratio of 49.39 and a beta of 1.09. The business has a fifty day moving average price of $11.63 and a 200-day moving average price of $9.44. Super Group has a 52 week low of $3.44 and a 52 week high of $13.49.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. As a group, research analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.
Super Group (SGHC) Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.2%. Super Group (SGHC)'s dividend payout ratio is currently 61.54%.
Super Group (SGHC) 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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