Super Group Limited (NYSE:SGHC) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its holdings in shares of Super Group Limited (NYSE:SGHC) by 71.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,855 shares of the company’s stock after selling 193,843 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Super Group were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Helikon Investments Ltd purchased a new position in Super Group during the 3rd quarter worth approximately $6,431,000. American Century Companies Inc. grew its stake in Super Group by 6,842.6% during the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after buying an additional 959,271 shares during the last quarter. Vanguard Group Inc. grew 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 worth $2,964,000 after buying an additional 61,937 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 buying an additional 87,118 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Super Group by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after buying an additional 133,300 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group Trading Up 5.4 %

Shares of SGHC stock opened at $6.98 on Wednesday. The business’s 50 day moving average is $5.08 and its two-hundred day moving average is $4.02. Super Group Limited has a twelve month low of $2.63 and a twelve month high of $7.11. The company has a market capitalization of $3.48 billion, a P/E ratio of 116.33 and a beta of 0.94.

Analysts Set New Price Targets

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

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.