SG Americas Securities LLC Takes $178,000 Position in Super Group Limited (NYSE:SGHC)

SG Americas Securities LLC acquired a new position in Super Group Limited (NYSE:SGHC) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 48,920 shares of the company’s stock, valued at approximately $178,000.

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Super Group during the first quarter valued at $31,000. Bleakley Financial Group LLC acquired a new position in Super Group during the first quarter valued at $47,000. Algert Global LLC boosted its position in Super Group by 54.5% during the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Super Group during the 2nd quarter worth $77,000. Finally, ProShare Advisors LLC raised its stake in shares of Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after acquiring an additional 12,037 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SGHC shares. Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of Super Group in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $6.00 target price on shares of Super Group in a report on Friday, August 9th.

Super Group Stock Performance

Shares of SGHC stock opened at $4.13 on Thursday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 34.08 and a beta of 0.71. Super Group Limited has a 12 month low of $2.63 and a 12 month high of $4.25. The business’s 50-day moving average price is $3.62 and its 200-day moving average price is $3.48.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $446.44 million for the quarter, compared to analysts’ expectations of $436.89 million. Super Group had a net margin of 2.42% and a return on equity of 12.17%. On average, sell-side analysts predict 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.