Public Employees Retirement System of Ohio Has $9.14 Million Stake in Flutter Entertainment PLC $FLUT

Public Employees Retirement System of Ohio lifted its stake in Flutter Entertainment PLC (NYSE:FLUT) by 9.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,704 shares of the company’s stock after acquiring an additional 7,790 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Flutter Entertainment worth $9,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT grew its holdings in Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment during the 4th quarter worth $36,000. IFP Advisors Inc boosted its holdings in shares of Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after buying an additional 90 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after buying an additional 75 shares during the last quarter. Finally, LM Advisors LLC acquired a new position in Flutter Entertainment in the 4th quarter valued at $46,000.

Analyst Ratings Changes

A number of research analysts have weighed in on FLUT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a research report on Wednesday, May 27th. Needham & Company LLC dropped their price objective on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company cut their price objective on Flutter Entertainment from $168.00 to $137.00 and set an “equal weight” rating for the company in a research report on Monday, July 20th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, July 8th. Finally, Freedom Capital raised Flutter Entertainment to a “hold” rating in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $176.26.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, COO James Philip Bishop purchased 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $99.75 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the chief operating officer directly owned 17,605 shares of the company’s stock, valued at approximately $1,756,098.75. This represents a 6.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $98.13, for a total transaction of $302,632.92. Following the completion of the sale, the chief executive officer directly owned 74,326 shares in the company, valued at $7,293,610.38. This trade represents a 3.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders purchased 10,453 shares of company stock valued at $1,045,526 and sold 5,994 shares valued at $577,293. 0.13% of the stock is owned by company insiders.

Flutter Entertainment Trading Up 4.4%

Shares of FLUT opened at $105.72 on Tuesday. The stock’s 50-day moving average price is $103.60 and its 200 day moving average price is $119.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of -49.40, a P/E/G ratio of 1.39 and a beta of 1.31. Flutter Entertainment PLC has a 12-month low of $91.52 and a 12-month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.13. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. As a group, research analysts predict that Flutter Entertainment PLC will post 4.72 earnings per share for the current year.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.