Flutter Entertainment PLC $FLUT Position Cut by Eminence Capital LP

Eminence Capital LP lowered its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,971 shares of the company’s stock after selling 71,772 shares during the period. Eminence Capital LP owned approximately 0.21% of Flutter Entertainment worth $94,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FLUT. Makena Capital Management LLC acquired a new position in Flutter Entertainment during the 3rd quarter valued at about $11,517,000. TimesSquare Capital Management LLC boosted its holdings in shares of Flutter Entertainment by 294.1% in the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock valued at $96,235,000 after acquiring an additional 282,736 shares in the last quarter. AGF Management Ltd. bought a new position in shares of Flutter Entertainment in the third quarter valued at approximately $9,519,000. Mutual of America Capital Management LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $2,173,000. Finally, Federated Hermes Inc. bought a new stake in Flutter Entertainment during the third quarter worth approximately $169,777,000.

Insider Activity at Flutter Entertainment

In related news, CEO Amy Howe sold 8,895 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total transaction of $942,069.45. Following the transaction, the chief executive officer directly owned 78,889 shares of the company’s stock, valued at approximately $8,355,133.99. The trade was a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Coldrake sold 4,613 shares of Flutter Entertainment stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total value of $491,053.85. Following the transaction, the chief financial officer directly owned 10,006 shares in the company, valued at approximately $1,065,138.70. This trade represents a 31.55% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,834 shares of company stock worth $1,900,331. 0.09% of the stock is owned by corporate insiders.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT opened at $108.26 on Friday. The stock’s fifty day simple moving average is $152.49 and its 200 day simple moving average is $210.38. The stock has a market capitalization of $18.98 billion, a price-to-earnings ratio of -60.14, a PEG ratio of 0.74 and a beta of 2.30. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31. Flutter Entertainment PLC has a 52-week low of $99.96 and a 52-week high of $313.68.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the business earned $2.94 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has approved a stock buyback program on Wednesday, March 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of research reports. Oppenheimer decreased their price target on Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Craig Hallum downgraded Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 21st. Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 price objective on shares of Flutter Entertainment in a report on Friday, February 6th. Stifel Nicolaus decreased their target price on Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Bank of America dropped their price target on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.65.

Flutter Entertainment Company 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.