87,418 Shares in Super Group (SGHC) Limited $SGHC Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new stake in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 87,418 shares of the company’s stock, valued at approximately $959,000.

A number of other hedge funds have also modified their holdings of SGHC. American Century Companies Inc. lifted its holdings in shares of Super Group (SGHC) by 7.6% during the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company’s stock valued at $57,150,000 after purchasing an additional 368,691 shares during the last quarter. Millennium Management LLC raised its holdings in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares during the period. Geode Capital Management LLC lifted its stake in Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock valued at $20,717,000 after buying an additional 138,065 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Super Group (SGHC) by 58.1% during the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock valued at $19,902,000 after buying an additional 667,571 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after buying an additional 168,622 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SGHC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Super Group (SGHC) in a report on Monday, October 13th. Macquarie reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $16.40.

Super Group (SGHC) Trading Up 3.2%

Shares of NYSE:SGHC opened at $11.97 on Friday. The firm has a fifty day moving average of $12.49 and a two-hundred day moving average of $11.21. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $5.45 and a 12-month high of $14.38. The firm has a market capitalization of $6.02 billion, a P/E ratio of 27.83 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. On average, equities analysts expect that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. Super Group (SGHC)’s dividend payout ratio (DPR) is 37.21%.

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.