Fort L.P. reduced its holdings in shares of Churchill Downs, Inc. (NASDAQ:CHDN) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,327 shares of the company’s stock after selling 134 shares during the quarter. Fort L.P.’s holdings in Churchill Downs were worth $324,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of Churchill Downs in the 4th quarter valued at about $58,000. Flagship Harbor Advisors LLC lifted its holdings in shares of Churchill Downs by 50.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 238 shares of the company’s stock valued at $58,000 after purchasing an additional 80 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Churchill Downs by 107.8% in the 4th quarter. IFP Advisors Inc now owns 399 shares of the company’s stock valued at $95,000 after purchasing an additional 207 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Churchill Downs by 18.4% in the 4th quarter. Bank of Montreal Can now owns 489 shares of the company’s stock valued at $119,000 after purchasing an additional 76 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Churchill Downs by 119.6% in the 4th quarter. Advisor Group Inc. now owns 582 shares of the company’s stock valued at $141,000 after purchasing an additional 317 shares during the last quarter. 23.94% of the stock is owned by institutional investors and hedge funds.

Churchill Downs stock opened at $85.39 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $3.46 billion, a PE ratio of 23.46, a PEG ratio of 0.99 and a beta of 1.20. Churchill Downs, Inc. has a fifty-two week low of $74.58 and a fifty-two week high of $104.87.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.67 million. Churchill Downs had a return on equity of 33.95% and a net margin of 34.97%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. On average, equities research analysts expect that Churchill Downs, Inc. will post 4.43 EPS for the current year.

Several analysts have recently weighed in on the company. BidaskClub downgraded Churchill Downs from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine downgraded Churchill Downs from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. set a $105.00 target price on Churchill Downs and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $93.00 target price (down from $280.00) on shares of Churchill Downs in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $100.42.

In related news, Director Richard L. Duchossois acquired 1,950 shares of Churchill Downs stock in a transaction on Monday, December 17th. The stock was purchased at an average cost of $258.62 per share, with a total value of $504,309.00. Following the purchase, the director now directly owns 8,550 shares in the company, valued at $2,211,201. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.78% of the stock is owned by corporate insiders.

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Churchill Downs Profile

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, TwinSpires, and Other Investments segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 11 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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

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