Super Group Limited (NYSE:SGHC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Super Group Limited (NYSE:SGHC) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,733,351 shares of the company’s stock after selling 9,573 shares during the quarter. Geode Capital Management LLC owned about 0.35% of Super Group worth $10,799,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC grew its position in Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares during the period. JPMorgan Chase & Co. raised its holdings in Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after purchasing an additional 116,740 shares during the last quarter. State Street Corp boosted its position in Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after purchasing an additional 194,460 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Super Group by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after buying an additional 1,018,664 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Super Group by 19.4% during the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock worth $27,120,000 after buying an additional 707,723 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Oppenheimer increased their price objective on shares of Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $12.00 price target on shares of Super Group in a research report on Wednesday, April 16th. BTIG Research started coverage on Super Group in a research report on Friday, March 28th. They set a “buy” rating and a $9.00 price objective for the company. Needham & Company LLC upped their target price on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their price objective on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.60.

Super Group Stock Performance

Shares of SGHC opened at $7.87 on Wednesday. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $8.51. The company has a market capitalization of $3.96 billion, a PE ratio of 131.11 and a beta of 1.05. The stock has a fifty day moving average of $7.14 and a two-hundred day moving average of $6.40.

Super Group (NYSE:SGHC) last released its earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The firm had revenue of $517.61 million during the quarter, compared to analyst estimates of $413.00 million. As a group, equities research analysts forecast that Super Group Limited will post 0.29 earnings per share for the current fiscal year.

Super Group Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.6%. Super Group’s payout ratio is currently 66.67%.

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.