Harvest Fund Management Co. Ltd Acquires 41,049 Shares of Super Group (SGHC) Limited $SGHC

Harvest Fund Management Co. Ltd lifted its position in Super Group (SGHC) Limited (NYSE:SGHC) by 205.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 61,019 shares of the company’s stock after acquiring an additional 41,049 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Super Group (SGHC) were worth $729,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SGHC. SBI Securities Co. Ltd. grew its stake in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Super Group (SGHC) in the 2nd quarter worth $121,000. PNC Financial Services Group Inc. grew its stake in shares of Super Group (SGHC) by 7,056.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,594 shares of the company’s stock worth $139,000 after acquiring an additional 11,432 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Super Group (SGHC) in the 3rd quarter worth $141,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Super Group (SGHC) in the 3rd quarter worth $144,000. Institutional investors own 5.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BTIG Research reiterated a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Citizens Jmp upped their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Benchmark upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, General Counsel Martine Nathan sold 4,761 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $50,990.31. Following the sale, the general counsel directly owned 30,172 shares of the company’s stock, valued at $323,142.12. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the sale, the chief operating officer directly owned 27,000 shares in the company, valued at approximately $351,000. This trade represents a 48.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 285,979 shares of company stock valued at $3,356,623 in the last three months. 10.41% of the stock is owned by company insiders.

Super Group (SGHC) Price Performance

Shares of NYSE:SGHC opened at $12.92 on Friday. The company’s 50-day moving average is $12.19 and its 200 day moving average is $11.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $6.54 billion, a P/E ratio of 26.75 and a beta of 1.08. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $14.38.

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

Super Group (SGHC) 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.