Super Group (SGHC) Sees Unusually High Options Volume (NYSE:SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) saw some unusual options trading on Tuesday. Stock investors purchased 12,826 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 8,685 call options.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark raised their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Super Group (SGHC) Stock Up 3.6%

Shares of NYSE:SGHC opened at $13.34 on Wednesday. The firm has a market cap of $6.75 billion, a P/E ratio of 27.61 and a beta of 1.08. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $8.46 and a 12-month high of $14.38. The business 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 announced its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) 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. Analysts predict that Super Group will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Martine Nathan sold 4,761 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $50,990.31. Following the sale, the general counsel owned 30,172 shares of the company’s stock, valued at $323,142.12. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 285,979 shares of company stock worth $3,356,623. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of Super Group (SGHC) by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after acquiring an additional 156,351 shares in the last quarter. Invesco Ltd. raised its position in shares of Super Group (SGHC) by 324.3% in the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after acquiring an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Super Group (SGHC) by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after acquiring an additional 202,144 shares in the last quarter. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Super Group (SGHC) in the 4th quarter worth about $23,791,000. 5.09% of the stock is owned by institutional investors.

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.