CWA Asset Management Group LLC Has $5.46 Million Stock Position in Flutter Entertainment PLC (NYSE:FLUT)

CWA Asset Management Group LLC cut its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 35.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,633 shares of the company’s stock after selling 13,682 shares during the period. CWA Asset Management Group LLC’s holdings in Flutter Entertainment were worth $5,457,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. DJE Kapital AG bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at approximately $442,000. Bank of New York Mellon Corp increased its holdings in shares of Flutter Entertainment by 68.3% during the fourth quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company’s stock worth $51,642,000 after buying an additional 81,101 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Flutter Entertainment by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,301 shares of the company’s stock valued at $170,913,000 after acquiring an additional 38,800 shares during the last quarter. Rubicon Global Capital Ltd boosted its holdings in shares of Flutter Entertainment by 56.1% during the 1st quarter. Rubicon Global Capital Ltd now owns 70,250 shares of the company’s stock valued at $15,564,000 after acquiring an additional 25,250 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in Flutter Entertainment by 244.4% during the 4th quarter. Plato Investment Management Ltd now owns 3,265 shares of the company’s stock worth $847,000 after acquiring an additional 2,317 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citizens Jmp cut their price target on Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. UBS Group upped their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price target on shares of Flutter Entertainment in a report on Tuesday, June 10th. Barclays reduced their price objective on shares of Flutter Entertainment from $300.00 to $293.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their target price on Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus target price of $303.79.

Flutter Entertainment Trading Up 0.7%

FLUT opened at $272.01 on Wednesday. The company has a fifty day moving average price of $243.92 and a two-hundred day moving average price of $253.51. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $299.73. The company has a market cap of $48.06 billion and a P/E ratio of 94.12. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67.

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

Insider Buying and Selling at Flutter Entertainment

In other news, Director Nancy Cruickshank sold 281 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $69,044.51. Following the completion of the transaction, the director now directly owns 1,797 shares in the company, valued at $441,540.87. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine M. Mccarthy sold 264 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $244.12, for a total transaction of $64,447.68. Following the completion of the sale, the director now owns 559 shares in the company, valued at $136,463.08. This represents a 32.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,770 shares of company stock valued at $1,894,934.

About Flutter Entertainment

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.