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Super Group (SGHC) (NYSE:SGHC) Reaches New 52-Week High - Here's What Happened

Super Group (SGHC) logo with Consumer Discretionary background

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.44 and last traded at $11.39, with a volume of 2032463 shares traded. The stock had previously closed at $11.41.

Analysts Set New Price Targets

SGHC has been the subject of several analyst reports. BTIG Research raised their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Needham & Company LLC raised their price target on Super Group (SGHC) from $11.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a report on Monday, May 19th. Canaccord Genuity Group lifted their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark reissued a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $12.50.

Read Our Latest Report on Super Group (SGHC)

Super Group (SGHC) Stock Down 1.3%

The firm has a market cap of $5.96 billion, a P/E ratio of 43.91 and a beta of 1.09. The firm has a fifty day moving average of $9.40 and a 200-day moving average of $7.89.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. On average, equities analysts forecast 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 was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.35%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently made changes to their positions in SGHC. American Century Companies Inc. boosted its holdings in shares of Super Group (SGHC) by 11.2% in the 1st quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock valued at $31,176,000 after purchasing an additional 487,895 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Super Group (SGHC) by 127.2% in the 1st 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. Invesco Ltd. lifted its stake in shares of Super Group (SGHC) 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 acquiring an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Super Group (SGHC) by 360.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after acquiring an additional 1,018,664 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Super Group (SGHC) by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock valued at $7,379,000 after acquiring an additional 459,485 shares during the last quarter. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

(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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