Super Group Limited (NYSE:SGHC) Stake Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of Super Group Limited (NYSE:SGHC) by 35.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,901 shares of the company’s stock after buying an additional 35,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Super Group were worth $840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SGHC. Geode Capital Management LLC raised its stake in shares of Super Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after purchasing an additional 14,507 shares in the last quarter. Barclays PLC increased its holdings in Super Group by 141.1% in 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 last quarter. JPMorgan Chase & Co. grew its position in Super Group by 106.0% in the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after acquiring an additional 116,740 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Super Group by 40.1% during the 4th quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock worth $427,000 after purchasing an additional 19,631 shares during the last quarter. Finally, DGS Capital Management LLC bought a new stake in Super Group in the fourth quarter worth $73,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group Stock Up 0.9 %

Shares of Super Group stock opened at $8.19 on Friday. Super Group Limited has a 12-month low of $2.91 and a 12-month high of $8.51. The business’s 50 day moving average is $7.11 and its 200-day moving average is $6.58. The stock has a market cap of $4.12 billion, a P/E ratio of 136.52 and a beta of 1.05.

Super Group (NYSE:SGHC) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $517.61 million for the quarter, compared to analyst estimates of $413.00 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. On average, sell-side 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. Investors of record on Monday, March 10th were given a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SGHC. Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Super Group in a research report on Wednesday, April 16th. Needham & Company LLC increased their price target on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Oppenheimer increased their target price 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. Finally, BTIG Research started coverage on Super Group in a research report on Friday, March 28th. They issued a “buy” rating and a $9.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, Super Group presently has a consensus rating of “Buy” and an average target price of $10.60.

Super Group Company 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.