Sycale Advisors NY LLC Makes New Investment in Flutter Entertainment PLC $FLUT

Sycale Advisors NY LLC acquired a new position in shares of Flutter Entertainment PLC (NYSE:FLUT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 67,200 shares of the company’s stock, valued at approximately $14,451,000. Flutter Entertainment comprises 4.5% of Sycale Advisors NY LLC’s holdings, making the stock its 10th biggest position.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC acquired a new stake in Flutter Entertainment during the 3rd quarter worth about $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Zions Bancorporation National Association UT grew its stake in shares of Flutter Entertainment by 1,685.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after buying an additional 75 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter.

Flutter Entertainment Stock Performance

FLUT opened at $110.73 on Monday. The stock’s 50 day simple moving average is $103.24 and its 200-day simple moving average is $143.51. Flutter Entertainment PLC has a 1 year low of $91.52 and a 1 year high of $313.68. The stock has a market cap of $19.26 billion, a PE ratio of -51.74, a P/E/G ratio of 1.43 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts forecast that Flutter Entertainment PLC will post 5 EPS for the current year.

Flutter Entertainment declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Mark Taylor acquired 1,611 shares of Flutter Entertainment stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $94.29 per share, with a total value of $151,901.19. Following the completion of the purchase, the chief executive officer owned 34,584 shares in the company, valued at $3,260,925.36. This trade represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James Philip Bishop acquired 1,000 shares of Flutter Entertainment stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $99.75 per share, for a total transaction of $99,750.00. Following the purchase, the chief operating officer owned 17,605 shares of the company’s stock, valued at approximately $1,756,098.75. This represents a 6.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 10,453 shares of company stock valued at $1,045,526 and sold 5,994 shares valued at $577,293. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FLUT has been the subject of several analyst reports. Citizens Jmp reduced their target price on Flutter Entertainment from $188.00 to $165.00 and set a “market outperform” rating for the company in a report on Thursday, May 7th. Susquehanna reduced their target price on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a report on Tuesday, March 31st. BNP Paribas Exane initiated coverage on Flutter Entertainment in a report on Thursday, May 14th. They issued an “underperform” rating and a $80.00 target price for the company. Citigroup lowered Flutter Entertainment from a “buy” rating to a “sell” rating in a report on Thursday, April 16th. Finally, Benchmark reduced their target price on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.57.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: Flutter said it will delist from the London Stock Exchange in August and concentrate all trading in New York, a move aimed at lowering costs and simplifying its listing structure. WSJ article
• Positive Sentiment: Investors are also encouraged by World Cup-related optimism, with several reports highlighting Flutter as a potential beneficiary of a betting surge during the tournament and management expecting very strong customer activity. Barron’s article
• Positive Sentiment: Flutter was also mentioned alongside other stocks that could benefit from the World Cup betting boom, reinforcing the market’s view that the company has a major near-term catalyst in its FanDuel-led U.S. business. Invezz article
• Neutral Sentiment: Other coverage focused on the mechanics of the delisting, including the final London trading date and the company’s shift to a sole New York venue, which is important strategically but not a direct earnings update. Proactive Investors article
• Neutral Sentiment: Market commentary before the open also noted Flutter’s delisting news among broader headlines, helping keep the stock in focus with investors. Investopedia article
• Negative Sentiment: Some coverage framed the London exit as another setback for U.K. markets, which could create a modest reputational overhang even though the move is intended to benefit Flutter shareholders. Guardian article

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.