Cambiar Investors LLC Has $77.46 Million Holdings in Flutter Entertainment PLC $FLUT

Cambiar Investors LLC grew its stake in Flutter Entertainment PLC (NYSE:FLUT) by 13.2% during the third quarter, HoldingsChannel.com reports. The firm owned 304,962 shares of the company’s stock after buying an additional 35,578 shares during the period. Flutter Entertainment makes up about 3.5% of Cambiar Investors LLC’s holdings, making the stock its biggest holding. Cambiar Investors LLC’s holdings in Flutter Entertainment were worth $77,460,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC lifted its stake in Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 43 shares during the period. MML Investors Services LLC increased its stake in shares of Flutter Entertainment by 0.6% in the 2nd quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after acquiring an additional 45 shares during the last quarter. Versant Capital Management Inc raised its holdings in Flutter Entertainment by 5.6% in the third quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock worth $240,000 after purchasing an additional 50 shares during the period. Hohimer Wealth Management LLC increased its position in shares of Flutter Entertainment by 1.3% in the 2nd quarter. Hohimer Wealth Management LLC now owns 4,567 shares of the company’s stock valued at $1,305,000 after buying an additional 60 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after acquiring an additional 64 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America cut their price target on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Hsbc Global Res upgraded Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. JMP Securities reduced their target price on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating for the company in a report on Wednesday, October 1st. Truist Financial set a $260.00 price objective on Flutter Entertainment in a research report on Tuesday, January 13th. Finally, BTIG Research cut their price objective on shares of Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.24.

Flutter Entertainment Stock Down 3.7%

Shares of FLUT opened at $168.19 on Wednesday. The firm has a 50 day simple moving average of $206.70 and a two-hundred day simple moving average of $248.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment PLC has a one year low of $167.23 and a one year high of $313.68. The company has a market cap of $29.47 billion, a P/E ratio of -129.37 and a beta of 1.88.

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.