Invesco Ltd. Purchases 1,245,185 Shares of Super Group Limited (NYSE:SGHC)

Invesco Ltd. grew its position in shares of Super Group Limited (NYSE:SGHC) by 500.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,493,783 shares of the company’s stock after purchasing an additional 1,245,185 shares during the quarter. Invesco Ltd. owned approximately 0.30% of Super Group worth $9,306,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Super Group in the fourth quarter worth about $66,000. Xponance Inc. purchased a new stake in Super Group in the 4th quarter worth $67,000. DGS Capital Management LLC purchased a new stake in Super Group in the 4th quarter worth $73,000. Fox Run Management L.L.C. bought a new position in Super Group during the fourth quarter valued at $75,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Super Group by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares during the period. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group Stock Up 1.1 %

Shares of Super Group stock opened at $7.94 on Thursday. Super Group Limited has a 12-month low of $2.90 and a 12-month high of $8.51. The firm has a market capitalization of $4.00 billion, a PE ratio of 132.36 and a beta of 1.05. The stock’s fifty day moving average is $7.13 and its 200-day moving average is $6.41.

Super Group (NYSE:SGHC) last announced its earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $517.61 million for the quarter, compared to the consensus estimate of $413.00 million. Analysts expect that Super Group Limited will post 0.29 EPS for the current year.

Super Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

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

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.