Exchange Traded Concepts LLC Reduces Holdings in Super Group Limited (NYSE:SGHC)

Exchange Traded Concepts LLC lowered its position in shares of Super Group Limited (NYSE:SGHC) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,930 shares of the company’s stock after selling 25,018 shares during the period. Exchange Traded Concepts LLC owned approximately 0.10% of Super Group worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after acquiring an additional 194,460 shares during the last quarter. Helikon Investments Ltd acquired a new stake in shares of Super Group during the 3rd quarter worth about $6,431,000. Geode Capital Management LLC raised its holdings in Super Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock valued at $6,327,000 after buying an additional 14,507 shares during the period. Renaissance Technologies LLC lifted its position in Super Group by 82.1% in the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after buying an additional 133,300 shares during the last quarter. Finally, Barclays PLC boosted its stake in Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SGHC shares. Benchmark upped their price objective on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Super Group in a research note on Wednesday. Oppenheimer raised their price target on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $10.00 in a report on Friday.

Super Group Stock Up 16.3 %

Shares of SGHC opened at $7.92 on Friday. The company has a market cap of $3.94 billion, a P/E ratio of 132.06 and a beta of 0.95. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $7.97. The firm’s 50 day moving average price is $6.35 and its 200 day moving average price is $4.68.

Super Group Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a dividend of $0.15 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio is currently 166.69%.

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.