Churchill Downs, Incorporated (CHDN) Holdings Trimmed by American Century Companies Inc.
American Century Companies Inc. decreased its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 47.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,868 shares of the company’s stock after selling 80,391 shares during the quarter. American Century Companies Inc. owned 0.55% of Churchill Downs, worth $18,118,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CHDN. Cypress Funds LLC acquired a new stake in shares of Churchill Downs, during the second quarter worth about $22,271,000. Eagle Asset Management Inc. acquired a new stake in shares of Churchill Downs, during the second quarter worth about $13,663,000. Victory Capital Management Inc. lifted its holdings in shares of Churchill Downs, by 15.3% during the third quarter. Victory Capital Management Inc. now owns 355,575 shares of the company’s stock worth $73,320,000 after purchasing an additional 47,313 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Churchill Downs, by 202.0% during the second quarter. Retirement Systems of Alabama now owns 48,038 shares of the company’s stock worth $8,805,000 after purchasing an additional 32,129 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of Churchill Downs, by 34.1% during the third quarter. Artemis Investment Management LLP now owns 97,534 shares of the company’s stock worth $20,119,000 after purchasing an additional 24,785 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on CHDN. Telsey Advisory Group lifted their target price on Churchill Downs, from $196.00 to $209.00 and gave the stock a “market perform” rating in a report on Thursday, October 12th. Imperial Capital reissued a “buy” rating on shares of Churchill Downs, in a report on Sunday, July 30th. BidaskClub raised Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price target for the company in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Churchill Downs, has a consensus rating of “Buy” and an average price target of $218.67.
Churchill Downs, Incorporated (NASDAQ:CHDN) opened at $217.35 on Friday. Churchill Downs, Incorporated has a twelve month low of $141.00 and a twelve month high of $220.15. The stock has a market capitalization of $3,324.22, a P/E ratio of 30.74 and a beta of 0.89. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.57 and a quick ratio of 0.57.
Churchill Downs, (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.18. Churchill Downs, had a return on equity of 17.48% and a net margin of 9.75%. The company had revenue of $314.80 million during the quarter, compared to the consensus estimate of $308.43 million. During the same period in the previous year, the company posted $0.52 earnings per share. Churchill Downs,’s revenue for the quarter was up 3.8% on a year-over-year basis. equities research analysts predict that Churchill Downs, Incorporated will post 7.11 EPS for the current fiscal year.
The business also recently declared an annual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 1st will be issued a $1.52 dividend. The ex-dividend date is Thursday, November 30th. This is an increase from Churchill Downs,’s previous annual dividend of $1.32. This represents a yield of 0.73%. Churchill Downs,’s payout ratio is presently 16.65%.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $195.00, for a total value of $975,000.00. Following the completion of the transaction, the director now directly owns 95,878 shares of the company’s stock, valued at $18,696,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.44% of the company’s stock.
Churchill Downs, Company Profile
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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