Principal Financial Group Inc. Sells 6,202 Shares of Super Group Limited (NYSE:SGHC)

Principal Financial Group Inc. reduced its position in shares of Super Group Limited (NYSE:SGHC) by 30.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,040 shares of the company’s stock after selling 6,202 shares during the period. Principal Financial Group Inc.’s holdings in Super Group were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SGHC. Acadian Asset Management LLC bought a new position in shares of Super Group in the first quarter valued at approximately $31,000. Algert Global LLC grew its position in Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Super Group during the 3rd quarter valued at $70,000. AQR Capital Management LLC bought a new position in Super Group in the 2nd quarter valued at $77,000. Finally, ProShare Advisors LLC boosted its stake in Super Group by 49.1% in the second quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock worth $118,000 after purchasing an additional 12,037 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

Super Group Trading Up 9.8 %

Shares of NYSE:SGHC opened at $6.77 on Wednesday. Super Group Limited has a 1-year low of $2.63 and a 1-year high of $6.79. The stock has a market capitalization of $3.37 billion, a P/E ratio of 112.85 and a beta of 0.67. The business has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $3.77.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Needham & Company LLC raised their target price on Super Group from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Benchmark increased their price objective on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a research note on Thursday, November 7th.

Super Group 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.