Clarius Group LLC Invests $212,000 in Flutter Entertainment plc (NYSE:FLUT)

Clarius Group LLC purchased a new stake in Flutter Entertainment plc (NYSE:FLUT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 822 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also recently added to or reduced their stakes in FLUT. Ritholtz Wealth Management raised its stake in shares of Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after purchasing an additional 59 shares in the last quarter. US Bancorp DE raised its stake in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after buying an additional 99 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Flutter Entertainment by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock worth $737,000 after buying an additional 136 shares during the last quarter. Hohimer Wealth Management LLC grew its position in shares of Flutter Entertainment by 3.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 5,506 shares of the company’s stock worth $1,306,000 after acquiring an additional 181 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Flutter Entertainment by 11.3% in the 3rd quarter. M&T Bank Corp now owns 1,995 shares of the company’s stock valued at $469,000 after acquiring an additional 203 shares during the last quarter.

Analyst Ratings Changes

FLUT has been the subject of a number of research reports. JMP Securities lifted their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. BTIG Research increased their price objective on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Benchmark lifted their target price on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, UBS Group boosted their price objective on Flutter Entertainment from $308.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $304.44.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $263.03 on Tuesday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $284.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50-day moving average of $266.03 and a two-hundred day moving average of $233.92.

Flutter Entertainment declared that its board has initiated a stock buyback program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Flutter Entertainment 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.