Calamos Wealth Management LLC Makes New $2.03 Million Investment in Flutter Entertainment plc (NYSE:FLUT)

Calamos Wealth Management LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,840 shares of the company’s stock, valued at approximately $2,026,000.

A number of other large investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in Flutter Entertainment in the fourth quarter worth $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC grew its holdings in Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the period. UMB Bank n.a. increased its position in Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after buying an additional 50 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at $39,000.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $263.68 on Tuesday. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $284.79. The business’s fifty day simple moving average is $266.52 and its two-hundred day simple moving average is $238.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Analyst Ratings Changes

FLUT has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price for the company. Stifel Nicolaus initiated coverage on Flutter Entertainment in a research report on Friday, January 17th. They issued a “buy” rating and a $320.00 target price for the company. Finally, JMP Securities lifted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Company 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.