Acadian Asset Management LLC Sells 928 Shares of Flutter Entertainment plc (NYSE:FLUT)

Acadian Asset Management LLC lowered its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the company’s stock after selling 928 shares during the quarter. Acadian Asset Management LLC’s holdings in Flutter Entertainment were worth $995,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FLUT. Artemis Investment Management LLP purchased a new stake in shares of Flutter Entertainment during the first quarter worth about $29,611,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Flutter Entertainment during the first quarter worth about $7,319,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Flutter Entertainment during the 1st quarter valued at approximately $70,371,000. Financial Perspectives Inc purchased a new position in Flutter Entertainment during the 1st quarter valued at approximately $102,000. Finally, Assenagon Asset Management S.A. purchased a new position in Flutter Entertainment during the 1st quarter valued at approximately $1,115,000.

Analyst Ratings Changes

Several research firms have weighed in on FLUT. Barclays began coverage on Flutter Entertainment in a report on Thursday, September 12th. They set an “overweight” rating and a $263.00 price target for the company. JMP Securities raised their price target on Flutter Entertainment from $246.00 to $255.00 and gave the company a “market outperform” rating in a report on Wednesday, August 14th. Benchmark restated a “buy” rating and set a $255.00 price target on shares of Flutter Entertainment in a report on Wednesday, August 14th. Oppenheimer raised their price target on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, Berenberg Bank upgraded Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and a consensus price target of $246.44.

Flutter Entertainment Price Performance

NYSE FLUT opened at $224.34 on Tuesday. The business’s 50 day moving average price is $203.91 and its 200-day moving average price is $199.89. Flutter Entertainment plc has a fifty-two week low of $148.00 and a fifty-two week high of $226.40.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. On average, equities research analysts expect that Flutter Entertainment plc will post 4.75 earnings per share for the current year.

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.