Calamos Wealth Management LLC acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,840 shares of the company's stock, valued at approximately $2,026,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC boosted its position in shares of Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. lifted its stake in Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock valued at $446,000 after acquiring an additional 59 shares during the period. US Bancorp DE grew its position in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company's stock worth $56,000 after acquiring an additional 99 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $26,000.
Flutter Entertainment Stock Performance
Shares of NYSE FLUT traded up $2.35 during midday trading on Friday, hitting $268.47. The company had a trading volume of 846,301 shares, compared to its average volume of 1,179,696. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $284.79. The business has a 50-day simple moving average of $265.71 and a two-hundred day simple moving average of $239.34. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a "buy" rating and a $320.00 price target on the stock. Bank of America assumed coverage on Flutter Entertainment in a research note on Monday, October 14th. They set a "buy" rating and a $300.00 price objective for the company. Macquarie assumed coverage on Flutter Entertainment in a research note on Wednesday, December 11th. They issued an "outperform" rating and a $340.00 target price on the stock. Finally, BTIG Research boosted their target price on Flutter Entertainment from $249.00 to $305.00 and gave the company a "buy" rating in a report on Monday, November 11th. Seventeen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $305.38.
Read Our Latest Research Report on FLUT
Flutter Entertainment Company Profile
(
Free Report)
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.
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