Super Group (SGHC) (NYSE:SGHC) Reaches New 1-Year High - Still a Buy?

Key Points

• Super Group (SGHC) Limited reached a new 52-week high at $14.38, with recent trading reflecting strong investor interest.
• Several research firms have upgraded SGHC's rating, with a consensus rating of Buy and a price target of approximately $15.40.
• The company reported quarterly earnings of $0.11 per share, missing expectations, but achieved a revenue of $579 million, exceeding analyst estimates.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $14.38 and last traded at $13.77, with a volume of 2493134 shares changing hands. The stock had previously closed at $14.09.

Analyst Upgrades and Downgrades

Several research firms recently commented on SGHC. Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a report on Monday, September 22nd. Wall Street Zen upgraded shares of Super Group (SGHC) from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Macquarie began coverage on shares of Super Group (SGHC) in a research note on Monday, September 15th. They set an "outperform" rating and a $17.00 price objective on the stock. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.40.

Super Group (SGHC) Price Performance

The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 52.96 and a beta of 1.11. The business's 50-day moving average price is $12.07 and its two-hundred day moving average price is $10.04.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly 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). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The company had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. Equities analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)'s payout ratio is currently 61.54%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds have recently added to or reduced their stakes in SGHC. Millennium Management LLC boosted its holdings in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Super Group (SGHC) by 120.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after purchasing an additional 1,224,942 shares during the period. Nuveen LLC acquired a new position in Super Group (SGHC) in the first quarter worth $4,608,000. Acadian Asset Management LLC boosted its holdings in Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after purchasing an additional 667,571 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in Super Group (SGHC) by 68,636.4% in the second quarter. Hillsdale Investment Management Inc. now owns 604,880 shares of the company's stock worth $6,636,000 after purchasing an additional 604,000 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.

About Super Group (SGHC)

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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