Eminence Capital LP Has $94.74 Million Stock Position in Flutter Entertainment PLC $FLUT

Eminence Capital LP reduced its position in Flutter Entertainment PLC (NYSE:FLUT) by 16.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 372,971 shares of the company’s stock after selling 71,772 shares during the quarter. Eminence Capital LP’s holdings in Flutter Entertainment were worth $94,735,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FLUT. California Public Employees Retirement System lifted its holdings in Flutter Entertainment by 101.8% during the 3rd quarter. California Public Employees Retirement System now owns 572,770 shares of the company’s stock valued at $145,484,000 after purchasing an additional 288,922 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Flutter Entertainment by 188.7% during the third quarter. Boothbay Fund Management LLC now owns 6,033 shares of the company’s stock worth $1,532,000 after buying an additional 3,943 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Flutter Entertainment by 10.6% in the third quarter. Alliancebernstein L.P. now owns 1,240,066 shares of the company’s stock valued at $314,977,000 after acquiring an additional 118,422 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Flutter Entertainment by 51.9% in the third quarter. Ameriprise Financial Inc. now owns 901,904 shares of the company’s stock valued at $229,086,000 after acquiring an additional 308,338 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Flutter Entertainment by 41.0% in the 3rd quarter. Creative Planning now owns 1,461 shares of the company’s stock worth $371,000 after acquiring an additional 425 shares in the last quarter.

Analysts Set New Price Targets

FLUT has been the subject of a number of research analyst reports. Texas Capital raised Flutter Entertainment to a “strong-buy” rating in a report on Thursday, January 8th. Susquehanna reiterated a “positive” rating and set a $228.00 target price on shares of Flutter Entertainment in a research report on Tuesday, January 27th. Morgan Stanley lowered their price target on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Barclays reduced their price objective on Flutter Entertainment from $304.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Stifel Nicolaus lowered their target price on Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.65.

Flutter Entertainment Trading Up 2.6%

NYSE FLUT opened at $108.26 on Friday. Flutter Entertainment PLC has a 12 month low of $99.96 and a 12 month high of $313.68. The stock has a 50-day simple moving average of $152.49 and a 200 day simple moving average of $210.38. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $18.98 billion, a PE ratio of -60.14, a P/E/G ratio of 0.74 and a beta of 2.30.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.Flutter Entertainment’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. Research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment announced that its board has approved a share buyback program on Wednesday, March 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

Insider Activity at Flutter Entertainment

In other news, CFO Robert Coldrake sold 4,613 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total value of $491,053.85. Following the completion of the transaction, the chief financial officer owned 10,006 shares of the company’s stock, valued at $1,065,138.70. The trade was a 31.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the sale, the chief executive officer owned 36,788 shares of the company’s stock, valued at approximately $3,973,104. This represents a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,834 shares of company stock worth $1,900,331. 0.09% of the stock is currently owned by company insiders.

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.