Sciencast Management LP Purchases New Stake in Flutter Entertainment plc (NYSE:FLUT)

Sciencast Management LP acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,435 shares of the company’s stock, valued at approximately $2,180,000.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Flutter Entertainment during the fourth quarter worth about $8,359,000. Royal London Asset Management Ltd. increased its holdings in Flutter Entertainment by 1.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 140,765 shares of the company’s stock worth $36,381,000 after purchasing an additional 1,655 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $25,000. Xponance Inc. lifted its holdings in shares of Flutter Entertainment by 7.8% in the fourth quarter. Xponance Inc. now owns 9,033 shares of the company’s stock valued at $2,335,000 after purchasing an additional 657 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $137,958,000.

Insider Buying and Selling

In related news, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now directly owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now directly owns 21,148 shares of the company’s stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Flutter Entertainment Trading Up 0.1 %

NYSE:FLUT opened at $241.20 on Friday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The stock’s fifty day moving average price is $263.22 and its two-hundred day moving average price is $252.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $42.81 billion and a P/E ratio of 1,096.37.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. UBS Group increased their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Finally, Barclays boosted their target price on Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and an average price target of $311.41.

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.