Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,696,441 shares of the company’s stock after selling 56,884 shares during the quarter. Schroder Investment Management Group owned 2.27% of Churchill Downs worth $228,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank lifted its holdings in Churchill Downs by 7.8% in the third quarter. Amalgamated Bank now owns 52,333 shares of the company’s stock worth $6,073,000 after acquiring an additional 3,790 shares during the last quarter. Swiss National Bank boosted its stake in shares of Churchill Downs by 1.0% during the 3rd quarter. Swiss National Bank now owns 148,100 shares of the company’s stock valued at $17,186,000 after buying an additional 1,400 shares during the period. Argent Trust Co grew its stake in Churchill Downs by 5.1% in the third quarter. Argent Trust Co now owns 3,138 shares of the company’s stock valued at $364,000 after purchasing an additional 152 shares in the last quarter. Pathstone Family Office LLC grew its stake in shares of Churchill Downs by 35.6% in the 3rd quarter. Pathstone Family Office LLC now owns 1,824 shares of the company’s stock valued at $212,000 after buying an additional 479 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in Churchill Downs by 17.9% in the third quarter. Hunter Associates Investment Management LLC now owns 9,807 shares of the company’s stock worth $1,143,000 after acquiring an additional 1,488 shares in the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHDN has been the topic of several analyst reports. Mizuho upped their target price on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus increased their target price on shares of Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JMP Securities restated a “market outperform” rating and set a $156.00 price objective on shares of Churchill Downs in a research note on Monday, May 6th. Wells Fargo & Company upgraded Churchill Downs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $137.00 to $141.00 in a report on Monday, April 15th. Finally, Truist Financial raised their price target on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $145.25.

Get Our Latest Research Report on Churchill Downs

Churchill Downs Stock Performance

CHDN stock traded up $0.53 during midday trading on Friday, hitting $134.49. The company’s stock had a trading volume of 336,912 shares, compared to its average volume of 434,949. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 3.68 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 5.88. The stock’s 50-day moving average price is $129.38 and its 200 day moving average price is $124.80. Churchill Downs Incorporated has a 1 year low of $106.45 and a 1 year high of $141.89.

Churchill Downs (NASDAQ:CHDNGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a return on equity of 44.99% and a net margin of 13.72%. The business had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. During the same period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Churchill Downs Incorporated will post 5.9 EPS for the current year.

Insider Activity

In related news, Director Paul C. Varga bought 3,800 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $130.22 per share, with a total value of $494,836.00. Following the completion of the purchase, the director now directly owns 28,902 shares of the company’s stock, valued at approximately $3,763,618.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.13% of the company’s stock.

Churchill Downs Company Profile

(Free Report)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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