ProShare Advisors LLC cut its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 23.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,574 shares of the company’s stock after selling 794 shares during the period. ProShare Advisors LLC’s holdings in Churchill Downs, were worth $409,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CHDN. Van ECK Associates Corp boosted its position in shares of Churchill Downs, by 24.3% in the fourth quarter. Van ECK Associates Corp now owns 1,494 shares of the company’s stock worth $225,000 after buying an additional 292 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Churchill Downs, by 3.9% in the first quarter. Profund Advisors LLC now owns 1,602 shares of the company’s stock worth $254,000 after buying an additional 60 shares in the last quarter. Numeric Investors LLC acquired a new stake in shares of Churchill Downs, during the fourth quarter worth $256,000. Thrivent Financial for Lutherans raised its stake in shares of Churchill Downs, by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,110 shares of the company’s stock worth $317,000 after buying an additional 150 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Churchill Downs, during the fourth quarter worth $331,000. 69.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Churchill Downs, Incorporated (NASDAQ CHDN) traded down 0.71% during midday trading on Monday, reaching $181.25. The company’s stock had a trading volume of 128,418 shares. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 26.96 and a beta of 0.85. Churchill Downs, Incorporated has a one year low of $118.88 and a one year high of $183.80. The stock’s 50 day moving average price is $170.24 and its 200 day moving average price is $157.13.
Churchill Downs, (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by $0.07. Churchill Downs, had a net margin of 8.66% and a return on equity of 14.14%. The business had revenue of $279.50 million during the quarter, compared to analyst estimates of $283.23 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts predict that Churchill Downs, Incorporated will post $6.48 earnings per share for the current year.
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A number of research analysts have issued reports on CHDN shares. Zacks Investment Research cut Churchill Downs, from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Imperial Capital upped their price objective on Churchill Downs, from $165.00 to $169.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $174.00 price target (up previously from $172.00) on shares of Churchill Downs, in a report on Thursday, March 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Churchill Downs, has a consensus rating of “Hold” and a consensus price target of $171.75.
In other Churchill Downs, news, Director Richard L. Duchossois bought 4,548 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $164.95 per share, with a total value of $750,192.60. Following the purchase, the director now owns 9,509 shares in the company, valued at approximately $1,568,509.55. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert L. Evans sold 5,000 shares of Churchill Downs, stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $157.26, for a total transaction of $786,300.00. Following the sale, the director now directly owns 107,350 shares in the company, valued at approximately $16,881,861. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,475 shares of company stock worth $1,811,359. 18.44% of the stock is owned by company insiders.
Churchill Downs, Company 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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