Canton Hathaway LLC Boosts Position in Flutter Entertainment PLC (NYSE:FLUT)

Canton Hathaway LLC lifted its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 360.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,490 shares of the company’s stock after acquiring an additional 5,080 shares during the period. Canton Hathaway LLC’s holdings in Flutter Entertainment were worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FLUT. Farther Finance Advisors LLC increased its position in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth about $25,000. IFP Advisors Inc increased its position in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after purchasing an additional 83 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Flutter Entertainment by 1,375.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after purchasing an additional 110 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth about $33,000.

Flutter Entertainment Price Performance

FLUT stock opened at $263.94 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67. Flutter Entertainment PLC has a fifty-two week low of $175.59 and a fifty-two week high of $299.73. The business has a 50 day moving average price of $246.14 and a 200 day moving average price of $253.48. The stock has a market cap of $46.63 billion and a price-to-earnings ratio of 91.33.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). Flutter Entertainment had a return on equity of 11.76% and a net margin of 4.17%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLUT. Barclays dropped their target price on Flutter Entertainment from $300.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Truist Financial dropped their target price on Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. BTIG Research dropped their target price on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Macquarie reaffirmed an “outperform” rating and issued a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.79.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, Director John A. Bryant sold 418 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $102,706.78. Following the sale, the director now owns 5,956 shares of the company’s stock, valued at approximately $1,463,448.76. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Howe sold 2,315 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $243.50, for a total value of $563,702.50. Following the completion of the sale, the chief executive officer now directly owns 73,947 shares in the company, valued at $18,006,094.50. This trade represents a 3.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,770 shares of company stock valued at $1,894,934.

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.