The Manufacturers Life Insurance Company Reduces Holdings in Super Group Limited (NYSE:SGHC)

The Manufacturers Life Insurance Company cut its holdings in shares of Super Group Limited (NYSE:SGHC) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,831 shares of the company’s stock after selling 2,637 shares during the period. The Manufacturers Life Insurance Company’s holdings in Super Group were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its position in Super Group by 17.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company’s stock valued at $98,000 after acquiring an additional 2,307 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Super Group by 7.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company’s stock worth $260,000 after acquiring an additional 3,022 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Super Group by 24.1% in the 4th quarter. Russell Investments Group Ltd. now owns 23,975 shares of the company’s stock valued at $149,000 after purchasing an additional 4,661 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Super Group in the 4th quarter worth approximately $30,000. Finally, Barclays PLC lifted its stake in Super Group by 2.7% during the fourth quarter. Barclays PLC now owns 276,817 shares of the company’s stock valued at $1,723,000 after buying an additional 7,382 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Stock Performance

Shares of SGHC stock opened at $8.38 on Friday. Super Group Limited has a fifty-two week low of $2.91 and a fifty-two week high of $9.17. The firm has a market capitalization of $4.22 billion, a PE ratio of 139.64 and a beta of 1.01. The stock’s 50-day simple moving average is $7.43 and its 200-day simple moving average is $6.94.

Super Group (NYSE:SGHC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. Sell-side analysts forecast that Super Group Limited will post 0.29 earnings per share for the current year.

Super Group Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a yield of 3.6%. Super Group’s dividend payout ratio is currently 59.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SGHC. Benchmark reiterated a “buy” rating and issued a $12.00 price objective on shares of Super Group in a research report on Wednesday, April 16th. Canaccord Genuity Group upped their price objective on Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Oppenheimer increased 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. BTIG Research started coverage on shares of Super Group in a report on Friday, March 28th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $11.40.

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.