XTX Topco Ltd Increases Position in Super Group Limited (NYSE:SGHC)

XTX Topco Ltd raised its position in shares of Super Group Limited (NYSE:SGHC) by 47.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,948 shares of the company’s stock after purchasing an additional 14,440 shares during the period. XTX Topco Ltd’s holdings in Super Group were worth $145,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Super Group in the first quarter worth approximately $31,000. Bleakley Financial Group LLC purchased a new stake in shares of Super Group in the 1st quarter valued at $47,000. Price T Rowe Associates Inc. MD boosted its position in Super Group by 13.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after buying an additional 4,715 shares during the period. Gabelli Funds LLC bought a new stake in shares of Super Group in the 1st quarter valued at about $138,000. Finally, ARS Investment Partners LLC bought a new position in shares of Super Group in the second quarter worth approximately $178,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

SGHC has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Super Group in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Super Group in a report on Friday, August 9th.

Super Group Stock Up 2.8 %

NYSE SGHC opened at $3.63 on Tuesday. The stock’s 50 day moving average is $3.47 and its 200 day moving average is $3.41. The firm has a market capitalization of $1.81 billion, a PE ratio of 30.25 and a beta of 0.70. Super Group Limited has a twelve month low of $2.63 and a twelve month high of $3.98.

Super Group (NYSE:SGHC) last released 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 return on equity of 12.17% and a net margin of 2.42%. The business had revenue of $446.44 million during the quarter, compared to analysts’ expectations of $436.89 million. On average, research analysts anticipate that Super Group Limited will post 0.25 earnings per share 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.