Cantillon Capital Management LLC Trims Position in Flutter Entertainment PLC $FLUT

Cantillon Capital Management LLC reduced its position in Flutter Entertainment PLC (NYSE:FLUT) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 2,247,096 shares of the company’s stock after selling 24,761 shares during the period. Flutter Entertainment makes up about 3.1% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Cantillon Capital Management LLC’s holdings in Flutter Entertainment were worth $570,762,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its stake in shares of Flutter Entertainment by 3.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,305 shares of the company’s stock worth $564,000 after purchasing an additional 71 shares during the period. Allstate Corp acquired a new position in Flutter Entertainment in the third quarter valued at $1,722,000. Wealth Enhancement Advisory Services LLC lifted its position in Flutter Entertainment by 3.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,287 shares of the company’s stock worth $544,000 after buying an additional 77 shares during the period. JCIC Asset Management Inc. acquired a new stake in Flutter Entertainment in the 3rd quarter worth about $32,000. Finally, Amalgamated Bank boosted its stake in Flutter Entertainment by 5.2% in the 3rd quarter. Amalgamated Bank now owns 14,074 shares of the company’s stock worth $3,575,000 after buying an additional 690 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FLUT shares. JMP Securities cut their price objective on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 1st. Citizens Jmp lowered their target price on shares of Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a report on Thursday. Truist Financial set a $260.00 price target on shares of Flutter Entertainment in a research note on Tuesday, January 13th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a report on Monday, January 5th. Finally, Needham & Company LLC dropped their price objective on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $289.95.

Flutter Entertainment Stock Up 0.1%

Shares of NYSE FLUT opened at $181.17 on Friday. The stock has a fifty day moving average price of $208.00 and a 200 day moving average price of $251.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 12-month low of $179.01 and a 12-month high of $313.68. The company has a market cap of $31.74 billion, a P/E ratio of -139.36 and a beta of 1.88.

Flutter Entertainment News Summary

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

• Positive Sentiment: Citizens Jmp trimmed its price target from $313 to $275 but retained a “market outperform” rating, leaving a large implied upside that could support buying interest if company results stabilize. Article Title
• Neutral Sentiment: Bank of America lowered its price target to $210 and moved to a “neutral” rating — a less bearish stance than some peers but still a downgrade in expectations that may limit near?term upside. Article Title
• Neutral Sentiment: A Benzinga roundup synthesizing 26 analyst views provides context that opinions remain mixed across the sell?side, so price action will likely track which analyst narratives gain traction. Demystifying Flutter Entertainment
• Negative Sentiment: Craig?Hallum downgraded FLUT from “buy” to “hold” and set a $200 target, citing accumulating/transitory headwinds; this high?profile cut has weighed on sentiment and was widely reported. Craig?Hallum downgrades Flutter MSN coverage
• Negative Sentiment: Zacks cut its rating to “strong sell,” a materially bearish view that can pressure institutional flows and amplify selling momentum. Zacks report
• Negative Sentiment: Coverage notes that FLUT hit a new one?year low following the analyst downgrades, signaling that market chops have turned decisively negative until visibility on growth and margins improves. 1?Year Low Report
• Negative Sentiment: Broader headlines pairing upgrades of other tech names with downgrades of Flutter highlight relative sector rotation away from gaming/BC?exposed names, which can amplify outflows. Sector headlines

Flutter Entertainment Company 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.