Renaissance Technologies LLC boosted its position in Super Group Limited (NYSE:SGHC - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,901 shares of the company's stock after purchasing an additional 35,500 shares during the quarter. Renaissance Technologies LLC's holdings in Super Group were worth $840,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SGHC. Legal & General Group Plc raised its holdings in Super Group by 33.2% during the 4th quarter. Legal & General Group Plc now owns 31,394 shares of the company's stock worth $196,000 after purchasing an additional 7,825 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Super Group by 500.9% in the fourth 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 in the last quarter. Polymer Capital Management US LLC purchased a new position in Super Group during the 4th quarter worth $110,000. Russell Investments Group Ltd. boosted its holdings in Super Group by 24.1% during the fourth quarter. Russell Investments Group Ltd. now owns 23,975 shares of the company's stock worth $149,000 after purchasing an additional 4,661 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Super Group by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 70,017 shares of the company's stock valued at $436,000 after acquiring an additional 23,865 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.
Wall Street Analysts Forecast Growth
SGHC has been the topic of a number of recent research reports. Oppenheimer upped their price target on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Needham & Company LLC lifted their price objective on shares of Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on shares of Super Group from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Monday. Benchmark restated a "buy" rating and set a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Finally, BTIG Research started coverage on shares of Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 price target on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $10.80.
Read Our Latest Research Report on Super Group
Super Group Stock Up 4.0 %
Super Group stock traded up $0.35 during midday trading on Wednesday, reaching $9.08. The stock had a trading volume of 1,182,331 shares, compared to its average volume of 626,729. The company has a fifty day moving average of $7.21 and a 200 day moving average of $6.71. Super Group Limited has a 52-week low of $2.91 and a 52-week high of $9.11. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 151.36 and a beta of 1.01.
Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $517.61 million for the quarter, compared to the consensus estimate of $413.00 million. Equities research analysts predict that Super Group Limited will post 0.29 EPS for the current year.
Super Group Announces Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group's dividend payout ratio (DPR) is 66.67%.
Super Group 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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