Bank of America Corp DE Trims Stake in Super Group Limited (NYSE:SGHC)

Bank of America Corp DE lessened its holdings in Super Group Limited (NYSE:SGHC) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,478 shares of the company’s stock after selling 32,639 shares during the period. Bank of America Corp DE’s holdings in Super Group were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SGHC. BNP Paribas Financial Markets acquired a new position in shares of Super Group in the 4th quarter worth approximately $369,000. Ameriprise Financial Inc. acquired a new position in Super Group during the fourth quarter worth $122,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Super Group during the fourth quarter worth $87,000. PDT Partners LLC purchased a new position in shares of Super Group during the fourth quarter worth $240,000. Finally, Northern Trust Corp grew its stake in shares of Super Group by 7.2% in the fourth quarter. Northern Trust Corp now owns 967,038 shares of the company’s stock valued at $6,025,000 after buying an additional 65,168 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group Stock Performance

Super Group stock opened at $9.21 on Monday. The company has a market capitalization of $4.63 billion, a P/E ratio of 153.44 and a beta of 1.01. Super Group Limited has a fifty-two week low of $2.91 and a fifty-two week high of $9.22. The stock has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $7.32.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SGHC shares. Canaccord Genuity Group raised their price objective on shares of Super Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Benchmark reiterated a “buy” rating and set a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Craig Hallum set a $12.00 price target on shares of Super Group in a research note on Monday, May 19th. Needham & Company LLC upped their price objective on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, BTIG Research initiated coverage on Super Group in a report on Friday, March 28th. They issued a “buy” rating and a $9.00 target price for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $11.50.

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.