tiprankstipranks
Entain Announces Share Rebalancing by Eminence Capital
Company Announcements

Entain Announces Share Rebalancing by Eminence Capital

Story Highlights

Stay Ahead of the Market:

The latest announcement is out from Entain plc ( (GB:ENT) ).

Entain plc announced that Eminence Capital, LP, a person closely associated with a Non-Executive Director of Entain, conducted a rebalancing transaction that involved the simultaneous sale and purchase of 915,603 ordinary shares at 694.80p per share, without changing the aggregate holding of the funds and accounts managed by Eminence Capital. This transaction highlights the internal portfolio adjustments within Entain, which maintain the stability of its shareholdings while complying with regulatory requirements, reflecting a strategic approach to fund management.

More about Entain plc

Entain plc is a FTSE100 company and one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. It owns a wide array of established sports and gaming brands and is involved in a long-term strategic partnership with TAB New Zealand. The company operates in over 30 territories with a focus on domestically regulated markets and holds a significant position in the US through its joint venture BetMGM.

YTD Price Performance: -1.57%

Average Trading Volume: 1,991,203

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £4.32B

For detailed information about ENT stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App