Calamos Wealth Management LLC Buys New Position in Flutter Entertainment plc (NYSE:FLUT)

Calamos Wealth Management LLC purchased a new position in Flutter Entertainment plc (NYSE:FLUT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 7,840 shares of the company’s stock, valued at approximately $2,026,000.

Other large investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. purchased a new stake in Flutter Entertainment during the 4th quarter worth $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter worth about $26,000. Harbor Investment Advisory LLC lifted its stake in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares in the last quarter. UMB Bank n.a. boosted its holdings in Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $39,000.

Flutter Entertainment Price Performance

NYSE FLUT opened at $263.68 on Tuesday. The firm’s 50 day moving average price is $266.52 and its two-hundred day moving average price is $238.07. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $284.79.

Analyst Ratings Changes

Several analysts recently weighed in on FLUT shares. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective for the company. Susquehanna cut their price target on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays increased their target price on Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer boosted their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, UBS Group increased their price objective on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Seventeen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $305.38.

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.