Algert Global LLC Raises Stake in Super Group Limited (NYSE:SGHC)

Algert Global LLC boosted its stake in shares of Super Group Limited (NYSE:SGHC) by 54.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,036 shares of the company’s stock after buying an additional 6,711 shares during the quarter. Algert Global LLC’s holdings in Super Group were worth $61,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Super Group by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after purchasing an additional 5,005 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Super Group in the second quarter worth $77,000. Gabelli Funds LLC raised its stake in shares of Super Group by 80.0% in the second quarter. Gabelli Funds LLC now owns 72,000 shares of the company’s stock valued at $233,000 after buying an additional 32,000 shares during the period. ProShare Advisors LLC lifted its position in shares of Super Group by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after buying an additional 12,037 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Super Group by 47.3% during the 2nd quarter. XTX Topco Ltd now owns 44,948 shares of the company’s stock worth $145,000 after acquiring an additional 14,440 shares during the period. Institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SGHC shares. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of Super Group in a research note on Friday, August 9th. Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Super Group in a research report on Thursday, August 8th.

Super Group Stock Performance

Shares of NYSE SGHC opened at $4.01 on Friday. The stock has a fifty day moving average of $3.48 and a 200-day moving average of $3.44. The stock has a market cap of $2.00 billion, a PE ratio of 33.42 and a beta of 0.71. Super Group Limited has a fifty-two week low of $2.63 and a fifty-two week high of $4.07.

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

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.