Natixis Advisors LLC Increases Position in Churchill Downs, Incorporated $CHDN

Natixis Advisors LLC raised its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,801 shares of the company’s stock after buying an additional 191,390 shares during the period. Natixis Advisors LLC’s holdings in Churchill Downs were worth $52,202,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after buying an additional 232 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Churchill Downs during the third quarter valued at approximately $25,000. TFC Financial Management Inc. purchased a new position in shares of Churchill Downs during the fourth quarter valued at approximately $47,000. UMB Bank n.a. boosted its position in shares of Churchill Downs by 62.7% during the third quarter. UMB Bank n.a. now owns 550 shares of the company’s stock valued at $53,000 after buying an additional 212 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Churchill Downs by 35.2% during the third quarter. Hantz Financial Services Inc. now owns 634 shares of the company’s stock valued at $62,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a research report on Tuesday, April 21st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research note on Thursday, April 16th. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Citizens Jmp lifted their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and an average price target of $139.00.

Churchill Downs Stock Performance

Shares of NASDAQ:CHDN opened at $86.00 on Thursday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.58 and a beta of 0.68. Churchill Downs, Incorporated has a 52 week low of $80.24 and a 52 week high of $118.46. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44. The firm has a 50 day moving average of $89.63 and a 200 day moving average of $97.56.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. Churchill Downs’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, sell-side analysts predict that Churchill Downs, Incorporated will post 7.32 earnings per share for the current fiscal year.

Churchill Downs Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.