ProShare Advisors LLC Increases Position in Super Group Limited (NYSE:SGHC)

ProShare Advisors LLC increased its stake in Super Group Limited (NYSE:SGHC) by 49.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,200 shares of the company’s stock after acquiring an additional 13,885 shares during the period. ProShare Advisors LLC’s holdings in Super Group were worth $263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Super Group in the fourth quarter worth $369,000. Renaissance Technologies LLC boosted its position in Super Group by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 134,901 shares of the company’s stock valued at $840,000 after buying an additional 35,500 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Super Group by 360.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after buying an additional 1,018,664 shares during the period. JPMorgan Chase & Co. boosted its position in Super Group by 332.8% during the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock valued at $6,118,000 after buying an additional 755,044 shares during the period. Finally, American Century Companies Inc. boosted its position in Super Group by 19.4% during the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock valued at $27,120,000 after buying an additional 707,723 shares during the period. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SGHC has been the subject of several analyst reports. Needham & Company LLC upped their price target on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. BTIG Research initiated coverage on shares of Super Group in a research report on Friday, March 28th. They set a “buy” rating and a $9.00 price target for the company. Craig Hallum set a $12.00 price target on shares of Super Group in a research report on Monday, May 19th. Canaccord Genuity Group upped their price target on shares of Super Group from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Finally, Benchmark restated a “buy” rating and set a $12.00 price target on shares of Super Group in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Super Group has a consensus rating of “Buy” and a consensus price target of $11.50.

Super Group Trading Up 0.1%

Super Group stock opened at $8.76 on Friday. The firm has a 50-day moving average of $7.77 and a 200-day moving average of $7.19. The firm has a market cap of $4.41 billion, a P/E ratio of 146.02 and a beta of 1.01. Super Group Limited has a 1-year low of $2.91 and a 1-year high of $9.17.

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

About Super Group

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.