Rhumbline Advisers Has $53.36 Million Stake in Flutter Entertainment PLC $FLUT

Rhumbline Advisers grew its position in Flutter Entertainment PLC (NYSE:FLUT) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,090 shares of the company’s stock after acquiring an additional 7,285 shares during the period. Rhumbline Advisers owned 0.12% of Flutter Entertainment worth $53,363,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FLUT. JCIC Asset Management Inc. acquired a new stake in Flutter Entertainment during the 3rd quarter valued at $32,000. Atlantic Union Bankshares Corp bought a new stake in shares of Flutter Entertainment during the third quarter worth $34,000. ORG Partners LLC increased its stake in shares of 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 in the last quarter. First Horizon Corp bought a new position in shares of Flutter Entertainment in the third quarter valued at about $39,000. Finally, Allworth Financial LP raised its holdings in shares of Flutter Entertainment by 116.4% in the second quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after buying an additional 78 shares during the last quarter.

Wall Street Analysts Forecast Growth

FLUT has been the subject of several research reports. Oppenheimer set a $280.00 price objective on shares of Flutter Entertainment in a research report on Thursday, January 29th. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 price target on shares of Flutter Entertainment in a report on Friday, February 6th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research report on Monday, January 5th. Canaccord Genuity Group decreased their price objective on Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Citizens Jmp dropped their target price on Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $272.48.

Flutter Entertainment Stock Down 11.4%

NYSE:FLUT opened at $125.23 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 12-month low of $122.55 and a 12-month high of $313.68. The stock’s fifty day simple moving average is $194.12 and its 200-day simple moving average is $236.29. The firm has a market capitalization of $21.94 billion, a P/E ratio of -96.33 and a beta of 1.88.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $0.39 by $1.25. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $2.92 billion. Flutter Entertainment had a positive return on equity of 14.42% and a negative net margin of 0.95%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. Equities research analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

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.