Calamos Wealth Management LLC Has $2.23 Million Stake in Flutter Entertainment PLC (NYSE:FLUT)

Calamos Wealth Management LLC lifted its holdings in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 28.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,063 shares of the company's stock after acquiring an additional 2,223 shares during the period. Calamos Wealth Management LLC's holdings in Flutter Entertainment were worth $2,229,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in Flutter Entertainment in the 4th quarter worth $25,000. Farther Finance Advisors LLC grew its stake in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after buying an additional 82 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after purchasing an additional 110 shares during the period. Parallel Advisors LLC increased its position in Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, IFP Advisors Inc boosted its position in Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares during the period.

Flutter Entertainment Trading Up 0.7%

Shares of FLUT stock traded up $1.87 during trading hours on Monday, reaching $282.92. 1,502,264 shares of the stock traded hands, compared to its average volume of 2,089,587. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $49.99 billion and a PE ratio of 97.90. Flutter Entertainment PLC has a 1-year low of $175.59 and a 1-year high of $299.73. The business has a fifty day moving average price of $255.84 and a 200 day moving average price of $253.35.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.30). Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the firm earned $0.10 earnings per share. Flutter Entertainment's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Insider Activity

In other news, Director Christine M. Mccarthy sold 264 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $244.12, for a total value of $64,447.68. Following the transaction, the director owned 559 shares in the company, valued at $136,463.08. This represents a 32.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carolan Lennon sold 430 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $105,655.30. Following the transaction, the director directly owned 769 shares in the company, valued at $188,950.99. The trade was a 35.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,770 shares of company stock worth $1,894,934.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FLUT. Citizens Jmp reduced their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. BTIG Research lowered their price objective on shares of Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Macquarie restated an "outperform" rating and issued a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Finally, Benchmark reiterated a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $305.10.

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.