Flutter Entertainment PLC $FLUT Shares Acquired by Yost Capital Management LP

Yost Capital Management LP lifted its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 56.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 54,300 shares of the company’s stock after buying an additional 19,650 shares during the quarter. Flutter Entertainment makes up about 16.9% of Yost Capital Management LP’s holdings, making the stock its 2nd largest holding. Yost Capital Management LP’s holdings in Flutter Entertainment were worth $11,677,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. JFS Wealth Advisors LLC acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at approximately $27,000. Zions Bancorporation National Association UT grew its position in shares of Flutter Entertainment by 1,685.7% in the 4th 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 period. IFP Advisors Inc grew its position in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after purchasing an additional 90 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of 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 purchasing an additional 75 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on FLUT. Citigroup lowered Flutter Entertainment from a “buy” rating to a “sell” rating in a research report on Thursday, April 16th. Canaccord Genuity Group decreased their price objective on Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Kepler Capital Markets downgraded Flutter Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Susquehanna reduced their price target on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a research report on Tuesday, March 31st. Finally, Needham & Company LLC reduced their price target on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $189.57.

Flutter Entertainment Trading Up 0.1%

NYSE:FLUT opened at $110.73 on Monday. Flutter Entertainment PLC has a twelve month low of $91.52 and a twelve month high of $313.68. The company has a market cap of $19.26 billion, a P/E ratio of -51.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.40. 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 business has a 50 day moving average price of $103.24 and a two-hundred day moving average price of $143.51.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Flutter Entertainment’s revenue was up 17.4% on a year-over-year basis. As a group, analysts expect that Flutter Entertainment PLC will post 5 EPS for the current fiscal year.

Flutter Entertainment announced that its board has approved a stock repurchase plan on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Flutter Entertainment

In related news, COO James Philip Bishop acquired 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $99.75 per share, with a total value of $99,750.00. Following the acquisition, the chief operating officer owned 17,605 shares in the company, valued at $1,756,098.75. This represents a 6.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolan Lennon sold 439 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $94.63, for a total value of $41,542.57. Following the completion of the sale, the director directly owned 1,688 shares of the company’s stock, valued at approximately $159,735.44. The trade was a 20.64% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have purchased 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. Insiders own 0.13% of the company’s stock.

Key Stories Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Flutter said it will delist from the London Stock Exchange in August and concentrate all trading in New York, a move aimed at lowering costs and simplifying its listing structure. WSJ article
• Positive Sentiment: Investors are also encouraged by World Cup-related optimism, with several reports highlighting Flutter as a potential beneficiary of a betting surge during the tournament and management expecting very strong customer activity. Barron’s article
• Positive Sentiment: Flutter was also mentioned alongside other stocks that could benefit from the World Cup betting boom, reinforcing the market’s view that the company has a major near-term catalyst in its FanDuel-led U.S. business. Invezz article
• Neutral Sentiment: Other coverage focused on the mechanics of the delisting, including the final London trading date and the company’s shift to a sole New York venue, which is important strategically but not a direct earnings update. Proactive Investors article
• Neutral Sentiment: Market commentary before the open also noted Flutter’s delisting news among broader headlines, helping keep the stock in focus with investors. Investopedia article
• Negative Sentiment: Some coverage framed the London exit as another setback for U.K. markets, which could create a modest reputational overhang even though the move is intended to benefit Flutter shareholders. Guardian article

About Flutter Entertainment

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.