Burns Matteson Capital Management LLC Takes Position in Super Group Limited (NYSE:SGHC)

Burns Matteson Capital Management LLC purchased a new position in Super Group Limited (NYSE:SGHC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,328 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds have also made changes to their positions in SGHC. Bleakley Financial Group LLC purchased a new position in shares of Super Group during the 1st quarter worth approximately $47,000. Vanguard Group Inc. raised its holdings in shares of Super Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after acquiring an additional 61,937 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Super Group in the first quarter valued at $31,000. Anson Funds Management LP boosted its stake in shares of Super Group by 482.7% during the first quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock valued at $4,523,000 after acquiring an additional 1,086,032 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in Super Group in the 1st quarter valued at about $138,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Upgrades and Downgrades

SGHC has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Super Group in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Super Group in a research note on Friday, August 9th.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $4.01 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 33.42 and a beta of 0.71. The stock’s 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.44. Super Group Limited has a 12-month low of $2.63 and a 12-month high of $4.07.

Super Group (NYSE:SGHC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The company had revenue of $446.44 million for the quarter, compared to analysts’ expectations of $436.89 million. As a group, research analysts forecast that Super Group Limited will post 0.25 earnings per share for the current fiscal year.

Super Group 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.