Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,600,000 shares, an increase of 24.2% from the August 15th total of 6,120,000 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 5.0% of the shares of the company are short sold. Approximately 5.0% of the shares of the company are short sold. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 3.8 days.
Super Group (SGHC) Price Performance
Super Group (SGHC) stock traded up $0.08 during trading hours on Friday, hitting $11.77. The stock had a trading volume of 4,975,802 shares, compared to its average volume of 3,808,775. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 45.27 and a beta of 1.09. Super Group has a 1-year low of $3.44 and a 1-year high of $13.71. The stock's fifty day moving average is $11.63 and its two-hundred day moving average is $9.50.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. As a group, sell-side analysts anticipate that Super Group will post 0.29 EPS for the current year.
Super Group (SGHC) Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Thursday, September 18th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.4%. Super Group (SGHC)'s dividend payout ratio is 61.54%.
Institutional Trading of Super Group (SGHC)
Several large investors have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Super Group (SGHC) by 7.6% in the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock valued at $57,150,000 after purchasing an additional 368,691 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after acquiring an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock valued at $24,612,000 after acquiring an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company's stock valued at $20,717,000 after acquiring an additional 138,065 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Super Group (SGHC) by 58.1% during the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock valued at $19,902,000 after acquiring an additional 667,571 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Needham & Company LLC increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Citigroup initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued an "outperform" rating for the company. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday. Macquarie initiated coverage on Super Group (SGHC) in a research report on Monday. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, Wall Street Zen cut Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, Super Group (SGHC) currently has an average rating of "Buy" and an average target price of $15.30.
Read Our Latest Analysis on Super Group (SGHC)
About Super Group (SGHC)
(
Get 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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