AlphaQuest LLC Has $1.46 Million Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

AlphaQuest LLC boosted its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 77.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,916 shares of the company’s stock after buying an additional 4,766 shares during the quarter. AlphaQuest LLC’s holdings in Churchill Downs were worth $1,458,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Churchill Downs by 119,900.0% in the 4th quarter. Larson Financial Group LLC now owns 1,200 shares of the company’s stock valued at $160,000 after purchasing an additional 1,199 shares during the period. Banco Santander S.A. acquired a new position in shares of Churchill Downs in the 4th quarter valued at $837,000. Machina Capital S.A.S. acquired a new position in shares of Churchill Downs in the 4th quarter valued at $202,000. Edgestream Partners L.P. lifted its stake in shares of Churchill Downs by 58.3% in the 4th quarter. Edgestream Partners L.P. now owns 10,973 shares of the company’s stock valued at $1,465,000 after purchasing an additional 4,040 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Churchill Downs in the 4th quarter valued at $16,015,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analyst Ratings Changes

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

Churchill Downs Price Performance

CHDN stock opened at $112.00 on Monday. The stock has a 50-day moving average price of $123.43 and a two-hundred day moving average price of $133.09. The stock has a market cap of $8.24 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 4.47. Churchill Downs Incorporated has a 1 year low of $109.40 and a 1 year high of $150.21.

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

Churchill Downs Company Profile

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.