Super Group (SGHC) Target of Unusually Large Options Trading (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) saw some unusual options trading activity on Tuesday. Investors purchased 12,826 call options on the stock. This is an increase of approximately 48% compared to the typical volume of 8,685 call options.

Analyst Ratings Changes

SGHC has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and issued a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Benchmark upped their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Finally, Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report 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 MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Super Group (SGHC) Trading Up 6.0%

NYSE:SGHC traded up $0.77 during trading hours on Tuesday, reaching $13.64. 2,949,532 shares of the stock were exchanged, compared to its average volume of 3,074,393. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $12.24 and a two-hundred day moving average of $11.21. Super Group has a twelve month low of $8.46 and a twelve month high of $14.38. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 28.23 and a beta of 1.08.

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

Insider Buying and Selling

In other news, CFO Wyk Alinda Van sold 78,837 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Neal Menashe sold 78,530 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $841,056.30. Following the completion of the sale, the chief executive officer owned 676,334 shares of the company’s stock, valued at $7,243,537.14. This trade represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 285,979 shares of company stock valued at $3,356,623 over the last ninety days. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Super Group (SGHC) by 3.0% during the third quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after purchasing an additional 156,351 shares in the last quarter. Invesco Ltd. grew its position in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Super Group (SGHC) by 4.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after purchasing an additional 202,144 shares during the last quarter. Millennium Management LLC grew its position in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Finally, Norges Bank purchased a new position in Super Group (SGHC) during the 4th quarter worth $23,791,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.