Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in shares of Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,174 shares of the company’s stock after selling 15,842 shares during the period. Gamco Investors INC. ET AL’s holdings in Churchill Downs were worth $34,700,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in Churchill Downs during the fourth quarter worth $39,000. Vestor Capital LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $45,000. GAMMA Investing LLC purchased a new stake in shares of Churchill Downs during the fourth quarter worth $66,000. Covestor Ltd increased its position in shares of Churchill Downs by 44.0% during the third quarter. Covestor Ltd now owns 848 shares of the company’s stock worth $98,000 after acquiring an additional 259 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Churchill Downs during the fourth quarter worth $149,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

Shares of CHDN traded up $0.79 during mid-day trading on Thursday, hitting $139.02. 324,750 shares of the company’s stock were exchanged, compared to its average volume of 417,211. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $140.45. The firm has a market capitalization of $10.22 billion, a P/E ratio of 30.79, a P/E/G ratio of 3.70 and a beta of 0.99. The business’s 50 day moving average is $129.84 and its two-hundred day moving average is $125.07. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 5.88.

Churchill Downs (NASDAQ:CHDNGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million during the quarter, compared to the consensus estimate of $565.41 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Churchill Downs Incorporated will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHDN shares. Wells Fargo & Company raised Churchill Downs from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $137.00 to $141.00 in a research report on Monday, April 15th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. JMP Securities reissued a “market outperform” rating and issued a $156.00 target price on shares of Churchill Downs in a report on Monday, May 6th. Mizuho increased their target price on Churchill Downs from $142.00 to $143.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus increased their target price on Churchill Downs from $150.00 to $153.00 and gave the company a “buy” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.25.

View Our Latest Stock Analysis on CHDN

Insider Transactions at Churchill Downs

In other news, Director Paul C. Varga acquired 3,800 shares of Churchill Downs stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $130.22 per share, for a total transaction of $494,836.00. Following the completion of the transaction, the director now directly owns 28,902 shares in the company, valued at $3,763,618.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.13% of the company’s stock.

Churchill Downs Company Profile

(Free Report)

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; and casino gaming.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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