Super Group (NYSE:SGHC) Hits New 52-Week High – Here’s What Happened

Shares of Super Group Limited (NYSE:SGHC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.48 and last traded at $6.45, with a volume of 110656 shares traded. The stock had previously closed at $6.16.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SGHC shares. Needham & Company LLC raised their price target on Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Oppenheimer upgraded Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a research note on Thursday, November 7th. Finally, Benchmark increased their price objective on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Super Group Stock Down 0.6 %

The business has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $3.80. The stock has a market cap of $3.35 billion, a P/E ratio of 112.19 and a beta of 0.67.

Institutional Trading of Super Group

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Super Group by 141.1% in the 3rd 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 last quarter. Geode Capital Management LLC grew its position in Super Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after acquiring an additional 14,507 shares in the last quarter. 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. HighTower Advisors LLC raised its position in Super Group by 22.7% during the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after purchasing an additional 3,993 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Super Group during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.