Voya Investment Management LLC Trims Position in Super Group Limited (NYSE:SGHC)

Voya Investment Management LLC decreased its position in shares of Super Group Limited (NYSE:SGHC) by 12.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,176 shares of the company’s stock after selling 7,602 shares during the period. Voya Investment Management LLC’s holdings in Super Group were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after acquiring an additional 157,693 shares during the period. JPMorgan Chase & Co. grew its position in shares of Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after purchasing an additional 116,740 shares in the last quarter. Renaissance Technologies LLC raised its stake in Super Group by 35.7% during the 4th quarter. Renaissance Technologies LLC now owns 134,901 shares of the company’s stock valued at $840,000 after purchasing an additional 35,500 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Super Group by 360.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock worth $8,106,000 after purchasing an additional 1,018,664 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Super Group by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock worth $27,120,000 after purchasing an additional 707,723 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SGHC shares. Canaccord Genuity Group increased their price objective on shares of Super Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Monday, May 5th. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of Super Group in a research note on Wednesday, April 16th. Needham & Company LLC boosted their price target on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. BTIG Research started coverage on shares of Super Group in a report on Friday, March 28th. They set a “buy” rating and a $9.00 price objective for the company. Finally, Oppenheimer lifted their target price on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $10.80.

Super Group Stock Down 5.9%

Shares of NYSE:SGHC opened at $8.27 on Monday. The firm has a fifty day simple moving average of $7.26 and a two-hundred day simple moving average of $6.81. Super Group Limited has a 52 week low of $2.91 and a 52 week high of $9.17. The stock has a market capitalization of $4.16 billion, a P/E ratio of 137.86 and a beta of 1.01.

Super Group (NYSE:SGHC) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. On average, analysts expect that Super Group Limited will post 0.29 earnings per share for the current year.

Super Group Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s dividend payout ratio (DPR) is 59.26%.

About Super Group

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.