Entain Announces Share Rebalancing by Eminence Capital

Entain plc ( (GB:ENT) ) has issued an announcement.

Entain plc announced a portfolio rebalancing transaction involving its ordinary shares by Eminence Capital, LP. The transaction, which involved simultaneous buying and selling of 3,242,667 shares at 750.60p per share, resulted in no change to the aggregate holding of Eminence Capital’s managed funds. This move, conducted as separate cross transactions, aligns with regulatory requirements under the Market Abuse Regulation.

The most recent analyst rating on (GB:ENT) stock is a Buy with a £9.58 price target. To see the full list of analyst forecasts on Entain plc stock, see the GB:ENT Stock Forecast page.

Spark’s Take on GB:ENT Stock

According to Spark, TipRanks’ AI Analyst, GB:ENT is a Neutral.

Entain plc’s overall stock score is driven by robust revenue growth and cash flow management, offset by significant profitability challenges and high leverage. Positive corporate events provide strategic optimism, but weak technical indicators and valuation concerns temper the overall score.

To see Spark’s full report on GB:ENT stock, click here.

More about Entain plc

Entain plc is a leading global sports betting and gaming group, listed on the FTSE100. The company operates both online and in retail sectors, owning a diverse portfolio of sports and gaming brands including BetCity, bwin, Coral, and Ladbrokes, among others. Entain also has a strategic partnership with TAB New Zealand and a joint venture, BetMGM, in the US. The company is known for its proprietary technology and commitment to operating in regulated markets across over 30 territories.

Average Trading Volume: 2,806,907

Technical Sentiment Signal: Hold

Current Market Cap: £4.79B

For an in-depth examination of ENT stock, go to TipRanks’ Stock Analysis page.