Goldman Sachs Group Inc. Decreases Stock Holdings in Super Group (SGHC) Limited $SGHC

Goldman Sachs Group Inc. cut its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,569 shares of the company’s stock after selling 63,506 shares during the period. Goldman Sachs Group Inc. owned about 0.09% of Super Group (SGHC) worth $2,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Super Group (SGHC) by 6.3% during the first quarter. Rhumbline Advisers now owns 206,407 shares of the company’s stock worth $1,329,000 after acquiring an additional 12,261 shares during the period. Strs Ohio purchased a new position in shares of Super Group (SGHC) in the 1st quarter valued at $603,000. Acadian Asset Management LLC grew its holdings in Super Group (SGHC) by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company’s stock worth $7,379,000 after acquiring an additional 459,485 shares in the last quarter. Jane Street Group LLC acquired a new position in Super Group (SGHC) during the 1st quarter worth $1,523,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at about $483,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Wall Street Analyst Weigh In

SGHC has been the topic of several recent research reports. BTIG Research reiterated a “buy” rating and issued a $14.00 price objective on shares of Super Group (SGHC) in a research report on Thursday. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research report on Thursday. Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Macquarie initiated coverage on shares of Super Group (SGHC) in a research note on Monday, September 15th. They issued an “outperform” rating and a $17.00 price objective for the company. Finally, Benchmark upped their target price on shares of Super Group (SGHC) from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.30.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $11.77 on Friday. The business’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $9.50. Super Group has a 52-week low of $3.44 and a 52-week high of $13.71. The firm has a market cap of $5.93 billion, a PE ratio of 45.27 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Research analysts predict that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is 61.54%.

About Super Group (SGHC)

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.