Wellington Shields Capital Management LLC Takes Position in Flutter Entertainment plc (NYSE:FLUT)

Wellington Shields Capital Management LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,540 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors have also added to or reduced their stakes in FLUT. Hollencrest Capital Management bought a new stake in shares of Flutter Entertainment during the first quarter valued at approximately $28,000. Rothschild Investment LLC bought a new stake in Flutter Entertainment during the 2nd quarter valued at $37,000. CWM LLC acquired a new position in Flutter Entertainment during the second quarter worth $40,000. YHB Investment Advisors Inc. bought a new position in shares of Flutter Entertainment in the first quarter valued at $45,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Flutter Entertainment during the first quarter valued at about $45,000.

Flutter Entertainment Trading Down 0.1 %

Shares of NYSE FLUT traded down $0.28 during mid-day trading on Friday, reaching $214.54. 155,866 shares of the company’s stock were exchanged, compared to its average volume of 811,759. The firm has a 50-day moving average price of $199.96 and a two-hundred day moving average price of $199.68. Flutter Entertainment plc has a 52 week low of $148.00 and a 52 week high of $226.40.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.07 by $1.26. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. Equities research analysts predict that Flutter Entertainment plc will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Oppenheimer upped their price target on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. JMP Securities increased their price target on Flutter Entertainment from $246.00 to $255.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 14th. Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Susquehanna increased their target price on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus target price of $1,995.00.

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.