Yousif Capital Management LLC Purchases 98 Shares of Flutter Entertainment PLC (NYSE:FLUT)

Yousif Capital Management LLC increased its position in Flutter Entertainment PLC (NYSE:FLUT) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,628 shares of the company’s stock after acquiring an additional 98 shares during the quarter. Yousif Capital Management LLC’s holdings in Flutter Entertainment were worth $804,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in Flutter Entertainment by 0.6% in the 4th quarter. Rhumbline Advisers now owns 22,590 shares of the company’s stock worth $5,838,000 after purchasing an additional 139 shares during the last quarter. Principal Securities Inc. grew its position in Flutter Entertainment by 158.8% in the 4th quarter. Principal Securities Inc. now owns 220 shares of the company’s stock worth $57,000 after purchasing an additional 135 shares during the last quarter. Sanctuary Advisors LLC grew its position in Flutter Entertainment by 18.4% in the 4th quarter. Sanctuary Advisors LLC now owns 4,002 shares of the company’s stock worth $1,089,000 after purchasing an additional 622 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Flutter Entertainment in the 4th quarter worth $413,000. Finally, Truist Financial Corp acquired a new stake in Flutter Entertainment in the 4th quarter worth $1,154,000.

Flutter Entertainment Trading Up 0.4%

Shares of FLUT stock opened at $272.60 on Friday. Flutter Entertainment PLC has a 12-month low of $175.59 and a 12-month high of $299.73. The company has a market capitalization of $48.16 billion and a P/E ratio of 94.32. The firm has a 50-day moving average price of $245.49 and a 200 day moving average price of $253.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts forecast that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on FLUT. Sanford C. Bernstein began coverage on shares of Flutter Entertainment in a research report on Wednesday, June 4th. They issued a “market perform” rating and a $275.00 price target on the stock. Truist Financial decreased their price target on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. JMP Securities reiterated a “market outperform” rating and set a $301.00 target price on shares of Flutter Entertainment in a research report on Thursday, June 12th. Macquarie reiterated an “outperform” rating and set a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Finally, Benchmark reiterated a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. 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. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $303.79.

Insiders Place Their Bets

In other Flutter Entertainment news, COO James Philip Bishop sold 3,000 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the transaction, the chief operating officer now directly owns 4,712 shares of the company’s stock, valued at approximately $1,145,958.40. The trade was a 38.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amy Howe sold 2,315 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the transaction, the chief executive officer now directly owns 73,947 shares of the company’s stock, valued at approximately $18,006,094.50. This represents a 3.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,770 shares of company stock valued at $1,894,934.

Flutter Entertainment 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.