American Century Companies Inc. Has $70.83 Million Stake in Super Group (SGHC) Limited $SGHC

American Century Companies Inc. raised its stake in Super Group (SGHC) Limited (NYSE:SGHC) by 3.0% in the third quarter, Holdings Channel reports. The fund owned 5,366,058 shares of the company’s stock after purchasing an additional 156,351 shares during the quarter. American Century Companies Inc.’s holdings in Super Group (SGHC) were worth $70,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SGHC. Millennium Management LLC increased its position in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Super Group (SGHC) by 120.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company’s stock worth $24,612,000 after buying an additional 1,224,942 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Super Group (SGHC) by 8.3% during the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after buying an additional 152,362 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Super Group (SGHC) by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock worth $20,717,000 after buying an additional 138,065 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Super Group (SGHC) by 58.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock valued at $19,902,000 after acquiring an additional 667,571 shares during the last quarter. 5.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SGHC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Needham & Company LLC boosted their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. BTIG Research lowered their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Benchmark raised their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.75.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $11.59 on Thursday. The stock’s 50 day moving average is $10.20 and its 200 day moving average is $11.46. Super Group has a one year low of $5.59 and a one year high of $14.38. The firm has a market cap of $5.83 billion, a P/E ratio of 26.94 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75.

Super Group (SGHC) Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s payout ratio is currently 37.21%.

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.