AQR Capital Management LLC Makes New Investment in Super Group Limited (NYSE:SGHC)

AQR Capital Management LLC acquired a new stake in shares of Super Group Limited (NYSE:SGHC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 23,919 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds have also recently made changes to their positions in SGHC. Bleakley Financial Group LLC acquired a new stake in shares of Super Group during the 1st quarter valued at about $47,000. Vanguard Group Inc. increased its holdings in shares of Super Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after buying an additional 61,937 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Super Group during the 1st quarter worth approximately $31,000. Anson Funds Management LP increased its holdings in shares of Super Group by 482.7% during the 1st quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock worth $4,523,000 after buying an additional 1,086,032 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of Super Group during the 1st quarter worth approximately $138,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Super Group in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Super Group in a report on Thursday, August 8th.

Super Group Trading Up 0.2 %

Super Group stock opened at $4.18 on Friday. The stock has a market cap of $2.08 billion, a P/E ratio of 34.83 and a beta of 0.71. The company has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $3.46. Super Group Limited has a 12-month low of $2.63 and a 12-month high of $4.25.

Super Group (NYSE:SGHC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The firm had revenue of $446.44 million for the quarter, compared to analysts’ expectations of $436.89 million. As a group, sell-side analysts forecast that Super Group Limited will post 0.25 earnings per share for the current fiscal year.

About Super Group

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.