Semanteon Capital Management LP Has $1.09 Million Stock Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Semanteon Capital Management LP lifted its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,194 shares of the company’s stock after purchasing an additional 1,454 shares during the period. Semanteon Capital Management LP’s holdings in Churchill Downs were worth $1,094,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of Churchill Downs by 127.2% in the 4th quarter. Blue Trust Inc. now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Churchill Downs in the third quarter valued at approximately $27,000. Fortitude Family Office LLC increased its position in shares of Churchill Downs by 2,733.3% during the fourth quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $34,000 after buying an additional 246 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Churchill Downs during the 4th quarter worth about $55,000. Finally, R Squared Ltd bought a new stake in Churchill Downs in the fourth quarter worth approximately $55,000. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Down 0.8 %

Shares of NASDAQ CHDN opened at $112.01 on Friday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 19.72, a PEG ratio of 2.95 and a beta of 0.93. Churchill Downs Incorporated has a one year low of $105.18 and a one year high of $150.21. The firm’s 50 day simple moving average is $119.48 and its two-hundred day simple moving average is $131.41. The company has a debt-to-equity ratio of 4.47, a current ratio of 0.57 and a quick ratio of 0.55.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. As a group, analysts expect that Churchill Downs Incorporated will post 6.92 EPS for the current fiscal year.

Churchill Downs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. Churchill Downs’s dividend payout ratio is currently 7.04%.

Churchill Downs announced that its board has authorized a stock repurchase plan on Wednesday, March 12th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CHDN shares. JMP Securities reissued a “market outperform” rating and set a $166.00 price objective on shares of Churchill Downs in a research report on Thursday, January 16th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus lowered their target price on Churchill Downs from $164.00 to $161.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company decreased their price target on shares of Churchill Downs from $165.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, Mizuho dropped their price objective on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Churchill Downs presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.38.

About Churchill Downs

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.