Super Group (SGHC) Limited $SGHC Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in shares of Super Group (SGHC) Limited (NYSE:SGHC) by 205.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,019 shares of the company’s stock after purchasing an additional 41,049 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Super Group (SGHC) were worth $729,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SGHC. Ninety One UK Ltd bought a new position in Super Group (SGHC) in the 4th quarter valued at approximately $4,987,000. Massachusetts Financial Services Co. MA bought a new position in Super Group (SGHC) in the 4th quarter valued at approximately $1,509,000. Zweig DiMenna Associates LLC bought a new position in Super Group (SGHC) in the 3rd quarter valued at approximately $8,217,000. Algert Global LLC raised its holdings in Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock valued at $9,677,000 after buying an additional 706,349 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Super Group (SGHC) by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock valued at $70,832,000 after buying an additional 156,351 shares during the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday, April 16th. Citizens Jmp upped their price objective on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Benchmark upped their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.57.

Super Group (SGHC) Stock Down 0.9%

Super Group (SGHC) stock opened at $12.92 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $8.46 and a 12-month high of $14.38. The firm’s fifty day moving average is $12.19 and its 200 day moving average is $11.21. The company has a market capitalization of $6.54 billion, a PE ratio of 26.75 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. As a group, sell-side analysts predict that Super Group will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CEO Neal Menashe sold 78,530 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $841,056.30. Following the completion of the sale, the chief executive officer owned 676,334 shares in the company, valued at approximately $7,243,537.14. The trade was a 10.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $50,990.31. Following the sale, the general counsel owned 30,172 shares of the company’s stock, valued at $323,142.12. This trade represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 285,979 shares of company stock worth $3,356,623. Company insiders own 10.41% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.