Entain Announces Share Rebalancing by Eminence Capital

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

Entain plc announced that Eminence Capital, LP, a person closely associated with a non-executive director, conducted a portfolio rebalancing transaction involving the sale and purchase of 245,579 ordinary shares of Entain. This transaction did not alter the aggregate holding of Eminence Capital’s funds and accounts, indicating a strategic adjustment rather than a change in investment stance. The transaction is compliant with the Market Abuse Regulation as part of English law, ensuring transparency and regulatory adherence.

The most recent analyst rating on (GB:ENT) stock is a Hold with a £836.00 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 primarily influenced by its strong revenue growth and cash flow generation, which are offset by significant profitability challenges and high leverage. The bearish technical indicators and negative valuation metrics further weigh on the stock’s attractiveness. Addressing profitability and leverage issues is crucial for improving the company’s financial health and stock performance.

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, operating both online and in the retail sector. It owns a diverse portfolio of established brands in sports and gaming, such as BetCity, bwin, Coral, Ladbrokes, and Partypoker. The company is involved in a joint venture, BetMGM, in the US and provides B2B services in over 30 territories. Entain is recognized for its ESG efforts and is a member of FTSE4Good and DJSI.

Average Trading Volume: 2,036,257

Technical Sentiment Signal: Sell

Current Market Cap: £4.87B

See more insights into ENT stock on TipRanks’ Stock Analysis page.