Canton Hathaway LLC Buys 400 Shares of Flutter Entertainment plc (NYSE:FLUT)

Canton Hathaway LLC grew its stake in Flutter Entertainment plc (NYSE:FLUT) by 39.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,410 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Canton Hathaway LLC’s holdings in Flutter Entertainment were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FLUT. Harbor Investment Advisory LLC grew its position in shares of Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. grew its position in shares of Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Seelaus Asset Management LLC grew its position in shares of Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after purchasing an additional 55 shares during the period. Ritholtz Wealth Management grew its position in shares of Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after purchasing an additional 59 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after purchasing an additional 83 shares during the period.

Flutter Entertainment Stock Performance

FLUT stock opened at $269.81 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $266.77 and its two-hundred day moving average price is $246.99. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

Analyst Upgrades and Downgrades

FLUT has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective for the company. BTIG Research set a $323.00 price target on Flutter Entertainment in a research report on Monday, February 3rd. Susquehanna reduced their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Oppenheimer upped their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus started coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price target for the company. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment has an average rating of “Buy” and a consensus target price of $306.50.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.