Super Group (NYSE:SGHC) Sets New 52-Week High Following Analyst Upgrade

Super Group Limited (NYSE:SGHC)’s share price reached a new 52-week high during trading on Thursday after Oppenheimer raised their price target on the stock from $9.00 to $11.00. Oppenheimer currently has an outperform rating on the stock. Super Group traded as high as $8.33 and last traded at $8.37, with a volume of 149786 shares changing hands. The stock had previously closed at $8.16.

SGHC has been the subject of several other reports. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $5.00 to $10.00 in a report on Friday, January 24th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Super Group in a report on Wednesday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday.

Hedge Funds Weigh In On Super Group

Institutional investors have recently made changes to their positions in the stock. Helikon Investments Ltd lifted its position in Super Group by 82.5% in the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after purchasing an additional 1,462,418 shares during the last quarter. State Street Corp increased its stake in shares of Super Group by 8.5% in the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after purchasing an additional 194,460 shares during the period. Geode Capital Management LLC raised its holdings in shares of Super Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after buying an additional 14,507 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Super Group by 82.1% during the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after buying an additional 133,300 shares during the period. Finally, Barclays PLC grew its holdings in Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

Super Group Trading Up 2.3 %

The firm has a 50-day moving average of $6.48 and a 200 day moving average of $4.78. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 139.14 and a beta of 0.95.

Super Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.15 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio (DPR) is 166.69%.

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.