1,990,838 Shares in Super Group (SGHC) Limited $SGHC Acquired by Norges Bank

Norges Bank purchased a new position in shares of Super Group (SGHC) Limited (NYSE:SGHC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,990,838 shares of the company’s stock, valued at approximately $23,791,000.

Several other large investors have also recently made changes to their positions in SGHC. SBI Securities Co. Ltd. increased its position in shares of Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Teza Capital Management LLC purchased a new stake in Super Group (SGHC) in the 2nd quarter valued at $121,000. PNC Financial Services Group Inc. grew its holdings in 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 valued at $139,000 after buying an additional 11,432 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Super Group (SGHC) in the 3rd quarter valued at $141,000. Finally, PharVision Advisers LLC purchased a new stake in Super Group (SGHC) in the 3rd quarter valued at $159,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Super Group (SGHC)

In related news, insider Kirsty Farrah Ross sold 47,391 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $507,557.61. Following the transaction, the insider owned 96,984 shares of the company’s stock, valued at approximately $1,038,698.64. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 285,979 shares of company stock worth $3,356,623 in the last 90 days. Insiders own 10.41% of the company’s stock.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $13.34 on Wednesday. The stock has a market cap of $6.75 billion, a PE ratio of 27.61 and a beta of 1.08. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.46 and a twelve month high of $14.38. The stock has a fifty day simple moving average of $12.30 and a 200-day simple moving average of $11.22.

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

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.