The Manufacturers Life Insurance Company Increases Stock Position in Super Group Limited (NYSE:SGHC)

The Manufacturers Life Insurance Company increased its holdings in Super Group Limited (NYSE:SGHC) by 10.1% during the second quarter, HoldingsChannel.com reports. The fund owned 54,572 shares of the company’s stock after buying an additional 5,005 shares during the period. The Manufacturers Life Insurance Company’s holdings in Super Group were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anson Funds Management LP increased its stake in Super Group by 482.7% in the first quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock valued at $4,523,000 after purchasing an additional 1,086,032 shares during the period. American Century Companies Inc. increased its position in Super Group by 6,842.6% in the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after acquiring an additional 959,271 shares during the period. Vanguard Group Inc. raised its stake in Super Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock valued at $2,964,000 after acquiring an additional 61,937 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Super Group by 26.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock worth $1,358,000 after acquiring an additional 87,118 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Super Group by 82.1% in the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after purchasing an additional 133,300 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Trading Up 0.2 %

NYSE SGHC opened at $4.18 on Friday. The business’s 50 day moving average is $3.57 and its two-hundred day moving average is $3.47. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 34.83 and a beta of 0.71. Super Group Limited has a 12-month low of $2.63 and a 12-month high of $4.25.

Super Group (NYSE:SGHC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The business had revenue of $446.44 million during the quarter, compared to analysts’ expectations of $436.89 million. Equities analysts forecast that Super Group Limited will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SGHC. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Super Group in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $6.00 price objective on shares of Super Group in a research report on Friday, August 9th.

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.