Super Group (SGHC) (NYSE:SGHC) Reaches New 1-Year High – Still a Buy?

Shares of Super Group (SGHC) Limited (NYSE:SGHC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.38 and last traded at $13.77, with a volume of 2493134 shares trading hands. The stock had previously closed at $14.09.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Macquarie assumed coverage on Super Group (SGHC) in a research note on Monday, September 15th. They issued an “outperform” rating and a $17.00 target price on the stock. JMP Securities lifted their price objective on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a research note on Monday, September 22nd. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Benchmark lifted their price objective 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, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.40.

Super Group (SGHC) Stock Performance

The company has a 50 day simple moving average of $12.07 and a two-hundred day simple moving average of $10.04. The company has a market cap of $6.93 billion, a PE ratio of 52.96 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $503.00 million. As a group, analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s payout ratio is 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Super Group (SGHC) by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 5,209,707 shares of the company’s stock valued at $57,150,000 after buying an additional 368,691 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Super Group (SGHC) by 120.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock valued at $24,612,000 after buying an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 7.9% during the 2nd 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 during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Super Group (SGHC) by 58.1% during the 2nd 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 during the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.