Churchill Downs, Incorporated (CHDN) Stake Maintained by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. maintained its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,100 shares of the company’s stock at the close of the second quarter. Northwestern Mutual Wealth Management Co. owned 0.62% of Churchill Downs, worth $18,349,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. LS Investment Advisors LLC lifted its holdings in Churchill Downs, by 96.6% in the first quarter. LS Investment Advisors LLC now owns 743 shares of the company’s stock worth $118,000 after acquiring an additional 365 shares during the last quarter. Strs Ohio lifted its holdings in Churchill Downs, by 150.0% in the second quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $183,000 after acquiring an additional 600 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Churchill Downs, in the second quarter worth about $207,000. Advisor Partners LLC bought a new position in Churchill Downs, in the second quarter worth about $209,000. Finally, ING Groep NV bought a new position in Churchill Downs, in the second quarter worth about $276,000. 73.84% of the stock is currently owned by institutional investors and hedge funds.
CHDN has been the topic of a number of recent research reports. BidaskClub raised shares of Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research cut shares of Churchill Downs, from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Imperial Capital raised their target price on shares of Churchill Downs, from $184.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Telsey Advisory Group raised their target price on shares of Churchill Downs, from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $191.25.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $195.00, for a total value of $975,000.00. Following the transaction, the director now directly owns 95,878 shares in the company, valued at $18,696,210. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 18.44% of the company’s stock.
Churchill Downs, Incorporated (CHDN) traded up 1.38% during midday trading on Friday, hitting $198.65. The stock had a trading volume of 186,001 shares. Churchill Downs, Incorporated has a 52 week low of $131.70 and a 52 week high of $199.65. The company has a market cap of $3.20 billion, a PE ratio of 27.15 and a beta of 0.88. The stock’s 50 day moving average price is $191.45 and its 200-day moving average price is $173.07.
Churchill Downs, (NASDAQ:CHDN) last posted its earnings results on Wednesday, July 26th. The company reported $4.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.51 by $0.30. The business had revenue of $451.90 million for the quarter, compared to analysts’ expectations of $439.33 million. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.11 earnings per share. Equities research analysts predict that Churchill Downs, Incorporated will post $6.79 earnings per share for the current year.
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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