Flutter Entertainment plc (NYSE:FLUT) Stock Holdings Lifted by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. raised its holdings in shares of Flutter Entertainment plc (NYSE:FLUT) by 58.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,000 shares of the company’s stock after buying an additional 7,000 shares during the period. Flutter Entertainment comprises 1.7% of Anthracite Investment Company Inc.’s portfolio, making the stock its 10th largest holding. Anthracite Investment Company Inc.’s holdings in Flutter Entertainment were worth $4,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FLUT. Farther Finance Advisors LLC increased its stake in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Flutter Entertainment in the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment in the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the fourth quarter valued at $26,000. Finally, IFP Advisors Inc raised its holdings in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after purchasing an additional 83 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the completion of the sale, the director now owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amy Howe sold 11,814 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $241.10 on Wednesday. The stock has a market capitalization of $42.79 billion and a PE ratio of 1,095.91. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $262.66 and its 200 day moving average price is $253.85. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Analyst Upgrades and Downgrades

FLUT has been the subject of several analyst reports. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. BTIG Research set a $323.00 price target on Flutter Entertainment in a research note on Monday, February 3rd. JMP Securities increased their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Stifel Nicolaus began coverage on Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and an average price target of $311.41.

About Flutter Entertainment

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.