Churchill Downs Incorporated (NASDAQ:CHDN) Holdings Trimmed by Glenview Trust co

Glenview Trust co reduced its position in shares of Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,270 shares of the company’s stock after selling 1,823 shares during the quarter. Glenview Trust co owned 0.30% of Churchill Downs worth $29,415,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in Churchill Downs by 5.8% in the third quarter. State Street Corp now owns 2,078,031 shares of the company’s stock valued at $280,971,000 after purchasing an additional 114,018 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Churchill Downs by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company’s stock valued at $175,742,000 after buying an additional 96,910 shares in the last quarter. Jennison Associates LLC increased its holdings in Churchill Downs by 5.6% in the fourth quarter. Jennison Associates LLC now owns 1,000,402 shares of the company’s stock worth $133,594,000 after buying an additional 53,334 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in Churchill Downs by 100.0% in the third quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock worth $103,241,000 after buying an additional 381,754 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Churchill Downs by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 605,355 shares of the company’s stock valued at $80,839,000 after acquiring an additional 10,153 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho cut their target price on Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. StockNews.com cut Churchill Downs from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their target price on Churchill Downs from $164.00 to $161.00 and set a “buy” rating for the company in a research report on Friday, February 21st. JMP Securities reissued a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a research report on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $159.38.

Check Out Our Latest Report on CHDN

Churchill Downs Price Performance

Shares of CHDN stock opened at $110.50 on Friday. Churchill Downs Incorporated has a 12-month low of $105.18 and a 12-month high of $150.21. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 4.47. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The firm has a fifty day moving average of $120.98 and a 200-day moving average of $132.12.

Churchill Downs (NASDAQ:CHDNGet Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.06). Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $620.21 million. On average, equities research analysts forecast that Churchill Downs Incorporated will post 6.92 earnings per share for the current year.

Churchill Downs announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Churchill Downs 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; casino gaming; and Terre Haute Casino Resort.

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

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