Canton Hathaway LLC Purchases 400 Shares of Flutter Entertainment plc (NYSE:FLUT)

Canton Hathaway LLC grew its position in shares of Flutter Entertainment plc (NYSE:FLUT) by 39.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,410 shares of the company’s stock after buying an additional 400 shares during the period. Canton Hathaway LLC’s holdings in Flutter Entertainment were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new position in shares of Flutter Entertainment in the third quarter worth $849,474,000. FMR LLC increased its position in shares of Flutter Entertainment by 13.2% in the third quarter. FMR LLC now owns 3,375,670 shares of the company’s stock worth $794,362,000 after purchasing an additional 393,122 shares during the period. Bank of Montreal Can increased its position in shares of Flutter Entertainment by 868.5% in the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after purchasing an additional 3,019,376 shares during the period. Cantillon Capital Management LLC boosted its stake in Flutter Entertainment by 3,827.8% in the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after buying an additional 2,336,347 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Flutter Entertainment in the third quarter valued at about $436,599,000.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BTIG Research set a $323.00 price objective on Flutter Entertainment in a research note on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a research note on Wednesday, January 8th. JMP Securities lifted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Stifel Nicolaus began coverage on Flutter Entertainment in a research note on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Finally, Susquehanna lowered their price objective on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $306.50.

Flutter Entertainment Trading Down 1.0 %

Shares of FLUT opened at $269.81 on Tuesday. The stock’s 50-day simple moving average is $266.77 and its 200 day simple moving average is $246.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Flutter Entertainment Company 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.