Super Group (SGHC) (NYSE:SGHC) Hits New 52-Week High Following Analyst Upgrade

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) reached a new 52-week high during trading on Wednesday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The company 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.

Several other equities analysts have also weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a report on Monday, May 19th. Needham & Company LLC upped their price objective on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday. Canaccord Genuity Group upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, BTIG Research restated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $12.50.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position 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 during the last quarter. Millennium Management LLC increased its position 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 purchasing an additional 1,532,666 shares during the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 purchasing an additional 1,018,664 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position 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 purchasing an additional 459,485 shares during the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Performance

The stock's 50-day simple moving average is $9.53 and its 200 day simple moving average is $7.98. The company has a market capitalization of $5.80 billion, a PE ratio of 42.67 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. On average, analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio is currently 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.