Hantz Financial Services Inc. Acquires 6,518 Shares of Churchill Downs, Incorporated $CHDN

Hantz Financial Services Inc. lifted its position in Churchill Downs, Incorporated (NASDAQ:CHDN) by 1,028.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,152 shares of the company’s stock after purchasing an additional 6,518 shares during the quarter. Hantz Financial Services Inc.’s holdings in Churchill Downs were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CHDN. AQR Capital Management LLC increased its position in shares of Churchill Downs by 29.8% during the 1st quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after purchasing an additional 784 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Churchill Downs by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock worth $53,675,000 after purchasing an additional 121,204 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Churchill Downs by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock worth $25,080,000 after purchasing an additional 15,161 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after purchasing an additional 232 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Churchill Downs during the 2nd quarter worth about $229,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research report on Tuesday, April 21st. Mizuho raised their price objective on shares of Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Weiss Ratings cut shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $130.00 price objective (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Churchill Downs currently has an average rating of “Moderate Buy” and an average target price of $139.00.

Churchill Downs Trading Up 1.8%

CHDN opened at $88.43 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of $6.16 billion, a PE ratio of 16.38, a PEG ratio of 0.57 and a beta of 0.73. Churchill Downs, Incorporated has a 1-year low of $80.24 and a 1-year high of $118.46. The firm has a 50-day moving average price of $89.46 and a two-hundred day moving average price of $97.90.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. The firm had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. As a group, equities analysts anticipate that Churchill Downs, Incorporated will post 7.32 earnings per share for the current fiscal year.

About Churchill Downs

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.