Churchill Downs, Incorporated $CHDN Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,767 shares of the company’s stock after selling 5,155 shares during the period. Mutual of America Capital Management LLC’s holdings in Churchill Downs were worth $2,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Churchill Downs by 21.7% during the third quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $67,000 after purchasing an additional 123 shares during the period. Bessemer Group Inc. increased its stake in Churchill Downs by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 6,474 shares of the company’s stock worth $654,000 after buying an additional 126 shares during the period. RPS Advisory Solutions LLC increased its stake in Churchill Downs by 4.6% during the 2nd quarter. RPS Advisory Solutions LLC now owns 3,497 shares of the company’s stock worth $353,000 after buying an additional 154 shares during the period. Global Retirement Partners LLC lifted its holdings in Churchill Downs by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 4,520 shares of the company’s stock worth $438,000 after buying an additional 156 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its position in Churchill Downs by 4.8% in the 2nd quarter. Nebula Research & Development LLC now owns 3,421 shares of the company’s stock valued at $346,000 after buying an additional 158 shares during the period. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

Churchill Downs Trading Up 0.4%

CHDN opened at $98.36 on Friday. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.57 and a current ratio of 0.57. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $125.87. The company has a market cap of $6.86 billion, a P/E ratio of 17.88, a PEG ratio of 1.46 and a beta of 0.68. The business’s 50-day simple moving average is $110.06 and its 200-day simple moving average is $103.69.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHDN shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $125.00 price objective (up from $115.00) on shares of Churchill Downs in a research note on Monday, January 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research report on Wednesday, December 24th. JPMorgan Chase & Co. decreased their price objective on Churchill Downs from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Barclays upped their target price on shares of Churchill Downs from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $124.00 target price (down previously from $126.00) on shares of Churchill Downs in a report on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.36.

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.