Churchill Downs, Incorporated (CHDN) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC boosted its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 13.9% during the first quarter, Holdings Channel reports. The fund owned 110,204 shares of the company’s stock after buying an additional 13,465 shares during the period. Geode Capital Management LLC’s holdings in Churchill Downs, were worth $17,505,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Profund Advisors LLC increased its stake in Churchill Downs, by 3.9% in the first quarter. Profund Advisors LLC now owns 1,602 shares of the company’s stock valued at $254,000 after buying an additional 60 shares during the last quarter. Van ECK Associates Corp increased its stake in Churchill Downs, by 6.3% in the first quarter. Van ECK Associates Corp now owns 1,588 shares of the company’s stock valued at $252,000 after buying an additional 94 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Churchill Downs, by 2.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 4,432 shares of the company’s stock valued at $704,000 after buying an additional 100 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Churchill Downs, by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,110 shares of the company’s stock valued at $317,000 after buying an additional 150 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Churchill Downs, by 10.0% in the first quarter. Thrivent Financial For Lutherans now owns 2,320 shares of the company’s stock valued at $369,000 after buying an additional 210 shares during the last quarter. 69.09% of the stock is owned by institutional investors and hedge funds.
Shares of Churchill Downs, Incorporated (NASDAQ CHDN) opened at 180.50 on Monday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 26.85 and a beta of 0.88. Churchill Downs, Incorporated has a 1-year low of $128.59 and a 1-year high of $186.05. The firm’s 50-day moving average price is $173.90 and its 200 day moving average price is $158.99.
Churchill Downs, (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The firm had revenue of $279.50 million during the quarter, compared to analyst estimates of $283.23 million. Churchill Downs, had a return on equity of 14.14% and a net margin of 8.66%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. Analysts expect that Churchill Downs, Incorporated will post $6.43 EPS for the current fiscal year.
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Several analysts have recently weighed in on the company. Imperial Capital boosted their target price on Churchill Downs, from $169.00 to $184.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Zacks Investment Research raised Churchill Downs, from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Telsey Advisory Group downgraded Churchill Downs, from an “outperform” rating to a “market perform” rating and set a $174.00 target price for the company. in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $171.75.
In other Churchill Downs, news, Director R Alex Rankin bought 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $164.17 per share, with a total value of $164,170.00. Following the completion of the acquisition, the director now directly owns 11,214 shares of the company’s stock, valued at approximately $1,841,002.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Duchossois bought 4,548 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average cost of $164.95 per share, for a total transaction of $750,192.60. Following the acquisition, the director now directly owns 9,509 shares of the company’s stock, valued at $1,568,509.55. The disclosure for this purchase can be found here. Company insiders own 18.44% of the company’s stock.
About Churchill Downs,
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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