Super Group (SGHC) (NYSE:SGHC) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Super Group (SGHC) (NYSE:SGHC) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group lifted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. JMP Securities initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a “market outperform” rating and a $15.00 price target on the stock. Citizens Jmp initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a “strong-buy” rating and a $15.00 price target on the stock. Finally, Citigroup initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set an “outperform” rating on the stock. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $13.88.

Super Group (SGHC) Stock Up 1.3%

NYSE SGHC opened at $10.86 on Friday. Super Group has a twelve month low of $2.94 and a twelve month high of $12.18. The firm has a market capitalization of $5.47 billion, a PE ratio of 40.23 and a beta of 1.08. The stock’s 50 day moving average is $10.57 and its 200 day moving average is $8.72.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 59.26%.

Institutional Trading of Super Group (SGHC)

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its position in Super Group (SGHC) by 11.2% in the first quarter. American Century Companies Inc. now owns 4,841,016 shares of the company’s stock worth $31,176,000 after buying an additional 487,895 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Group (SGHC) by 7.9% in the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock worth $20,717,000 after acquiring an additional 138,065 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after acquiring an additional 667,571 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Super Group (SGHC) by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock worth $9,306,000 after acquiring an additional 1,245,185 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) 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.