Flutter Entertainment PLC $FLUT Shares Acquired by CenterBook Partners LP

CenterBook Partners LP increased its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 723.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 13,967 shares of the company’s stock after purchasing an additional 12,271 shares during the period. CenterBook Partners LP’s holdings in Flutter Entertainment were worth $3,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new stake in shares of Flutter Entertainment in the 3rd quarter valued at approximately $32,000. Atlantic Union Bankshares Corp acquired a new position in shares of Flutter Entertainment during the third quarter worth $34,000. ORG Partners LLC increased its holdings in Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 43 shares during the last quarter. First Horizon Corp acquired a new stake in Flutter Entertainment in the third quarter valued at $39,000. Finally, Allworth Financial LP lifted its holdings in Flutter Entertainment by 116.4% during the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after buying an additional 78 shares during the last quarter.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $125.98 on Thursday. Flutter Entertainment PLC has a one year low of $122.34 and a one year high of $313.68. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of -96.91 and a beta of 1.88. The company has a 50-day simple moving average of $188.65 and a 200-day simple moving average of $232.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

FLUT has been the topic of several research analyst reports. BTIG Research cut their target price on Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Benchmark reduced their price objective on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Canaccord Genuity Group dropped their target price on shares of Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. UBS Group cut their price target on shares of Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.10.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.