Jacobs Levy Equity Management Inc. Increases Stake in Super Group Limited (NYSE:SGHC)

Jacobs Levy Equity Management Inc. raised its holdings in shares of Super Group Limited (NYSE:SGHC) by 11.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,940 shares of the company’s stock after acquiring an additional 9,085 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Super Group were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in Super Group during the fourth quarter valued at approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Super Group during the fourth quarter valued at approximately $66,000. Xponance Inc. purchased a new stake in Super Group during the fourth quarter valued at approximately $67,000. DGS Capital Management LLC purchased a new stake in Super Group during the fourth quarter valued at approximately $73,000. Finally, Fox Run Management L.L.C. purchased a new stake in Super Group during the fourth quarter valued at approximately $75,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SGHC has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price objective on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday. BTIG Research initiated coverage on shares of Super Group in a research note on Friday, March 28th. They issued a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Finally, Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Super Group in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Super Group currently has an average rating of “Buy” and a consensus price target of $11.40.

Super Group Price Performance

Shares of NYSE SGHC opened at $8.38 on Friday. The firm has a fifty day moving average price of $7.43 and a 200-day moving average price of $6.94. The stock has a market cap of $4.22 billion, a PE ratio of 139.64 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 announced its quarterly earnings data 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. The firm had revenue of $495.96 million during the quarter, compared to analysts’ expectations of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. On average, research analysts expect that Super Group Limited will post 0.29 EPS for the current year.

Super Group Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, March 10th. This represents a yield of 3.6%. Super Group’s payout ratio is 59.26%.

Super Group 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.