Northern Trust Corp increased its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,343 shares of the company’s stock after buying an additional 5,474 shares during the quarter. Northern Trust Corp owned about 1.37% of Churchill Downs, worth $40,389,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of CHDN. Citigroup Inc. raised its position in shares of Churchill Downs, by 352.2% in the 2nd quarter. Citigroup Inc. now owns 719 shares of the company’s stock worth $132,000 after buying an additional 560 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of Churchill Downs, in the 2nd quarter worth $161,000. LS Investment Advisors LLC raised its position in shares of Churchill Downs, by 19.8% in the 2nd quarter. LS Investment Advisors LLC now owns 890 shares of the company’s stock worth $163,000 after buying an additional 147 shares during the period. Strs Ohio raised its position in shares of Churchill Downs, by 150.0% in the 2nd quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $183,000 after buying an additional 600 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Churchill Downs, in the 2nd quarter worth $207,000. 73.84% of the stock is currently owned by institutional investors and hedge funds.
Churchill Downs, Incorporated (NASDAQ:CHDN) opened at 207.90 on Thursday. The company has a 50 day moving average price of $200.85 and a 200 day moving average price of $181.69. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.41 and a beta of 0.86. Churchill Downs, Incorporated has a 12 month low of $131.70 and a 12 month high of $209.05.
Churchill Downs, (NASDAQ:CHDN) last issued its earnings results on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.30. The company had revenue of $451.90 million during the quarter, compared to analyst estimates of $439.33 million. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $4.11 EPS. Equities research analysts predict that Churchill Downs, Incorporated will post $6.75 earnings per share for the current year.
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Several research analysts recently weighed in on the company. Telsey Advisory Group increased their target price on Churchill Downs, from $196.00 to $209.00 and gave the stock a “market perform” rating in a research report on Thursday. Imperial Capital reaffirmed a “buy” rating on shares of Churchill Downs, in a research report on Sunday, July 30th. BidaskClub lowered Churchill Downs, from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised Churchill Downs, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $210.67.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of Churchill Downs, stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $195.00, for a total transaction of $975,000.00. Following the completion of the sale, the director now owns 95,878 shares of the company’s stock, valued at approximately $18,696,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.44% of the company’s stock.
Churchill Downs, Profile
Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.
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