Sirios Capital Management L P Takes Position in Flutter Entertainment plc (NYSE:FLUT)

Sirios Capital Management L P acquired a new position in Flutter Entertainment plc (NYSE:FLUT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,080 shares of the company's stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLUT. Two Creeks Capital Management LP acquired a new stake in shares of Flutter Entertainment in the fourth quarter worth about $27,447,000. Quantessence Capital LLC acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $249,000. Parvus Asset Management Europe Ltd bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $2,146,227,000. Stifel Financial Corp bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $1,401,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Flutter Entertainment in the fourth quarter valued at $1,287,000.

Analyst Ratings Changes

FLUT has been the topic of several analyst reports. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Susquehanna lowered their target price on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a research note on Wednesday, March 5th. Barclays cut their price target on shares of Flutter Entertainment from $308.00 to $300.00 and set an "overweight" rating for the company in a research note on Tuesday. Macquarie reiterated an "outperform" rating and issued a $340.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Finally, UBS Group increased their target price on Flutter Entertainment from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Twenty equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $306.67.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the sale, the director now directly owns 21,148 shares of the company's stock, valued at $5,539,930.08. The trade was a 54.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the transaction, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Trading Up 1.1 %

Shares of FLUT stock traded up $2.57 on Friday, hitting $232.86. The stock had a trading volume of 2,359,805 shares, compared to its average volume of 1,798,091. The firm has a market cap of $41.33 billion and a P/E ratio of 1,058.45. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $240.54 and a two-hundred day moving average price of $252.63.

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.