Flutter Entertainment plc (NYSE:FLUT) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Flutter Entertainment plc (NYSE:FLUT) by 48.3% in the third quarter, Holdings Channel reports. The fund owned 12,034 shares of the company’s stock after purchasing an additional 3,922 shares during the period. GSA Capital Partners LLP’s holdings in Flutter Entertainment were worth $2,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter worth about $37,000. CWM LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter worth about $40,000. US Bancorp DE increased its position in shares of Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth about $82,000. Finally, Hilltop National Bank acquired a new stake in shares of Flutter Entertainment during the 2nd quarter worth about $101,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Craig Hallum raised their price objective on Flutter Entertainment from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Moffett Nathanson raised their price objective on Flutter Entertainment from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. JMP Securities raised their price objective on Flutter Entertainment from $255.00 to $287.00 and gave the stock a “market outperform” rating in a research report on Monday, October 14th. Barclays lifted their target price on Flutter Entertainment from $263.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Finally, UBS Group initiated coverage on Flutter Entertainment in a research report on Friday. They issued a “buy” rating and a $306.00 target price for the company. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $282.54.

Flutter Entertainment Trading Up 1.2 %

Shares of FLUT opened at $251.13 on Tuesday. The stock has a 50-day simple moving average of $229.28 and a 200-day simple moving average of $207.78. Flutter Entertainment plc has a 1 year low of $148.30 and a 1 year high of $252.84.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.41 billion. As a group, equities analysts predict that Flutter Entertainment plc will post 4.72 earnings per share for the current year.

Flutter Entertainment announced that its board has authorized a stock repurchase program on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Flutter Entertainment Company Profile

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.