Acadian Asset Management LLC Raises Stock Position in Super Group (SGHC) Limited $SGHC

Acadian Asset Management LLC grew its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 66.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,148,713 shares of the company’s stock after acquiring an additional 459,485 shares during the period. Acadian Asset Management LLC owned about 0.23% of Super Group (SGHC) worth $7,379,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SGHC. Millennium Management LLC raised 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 period. Nuveen LLC purchased a new position in shares of Super Group (SGHC) in the 1st quarter valued at $4,608,000. Fiera Capital Corp purchased a new position in shares of Super Group (SGHC) in the 1st quarter valued at $3,878,000. American Century Companies Inc. raised its stake 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 acquiring an additional 487,895 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of Super Group (SGHC) by 465.7% in the 1st quarter. Trexquant Investment LP now owns 413,801 shares of the company’s stock valued at $2,665,000 after acquiring an additional 340,658 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SGHC shares. Benchmark raised their target price on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set a “market outperform” rating and a $15.00 price target on the stock. BTIG Research reaffirmed a “buy” rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Citigroup assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set an “outperform” rating on the stock. Finally, Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of “Buy” and a consensus target price of $13.88.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $12.64 on Friday. Super Group has a 12-month low of $3.44 and a 12-month high of $13.47. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 48.62 and a beta of 1.09. The firm’s fifty day moving average price is $11.55 and its 200 day moving average price is $9.33.

Super Group (SGHC) (NYSE:SGHC) last released 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 company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. Analysts forecast that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. Super Group (SGHC)’s payout ratio is presently 59.26%.

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.