Mutual of America Capital Management LLC Raises Holdings in Churchill Downs, Incorporated (CHDN)
Mutual of America Capital Management LLC raised its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,886 shares of the company’s stock after acquiring an additional 495 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Churchill Downs, worth $1,812,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new position in Churchill Downs, in the second quarter valued at approximately $161,000. LS Investment Advisors LLC boosted its stake in Churchill Downs, by 19.8% in the second quarter. LS Investment Advisors LLC now owns 890 shares of the company’s stock valued at $163,000 after acquiring an additional 147 shares during the period. Strs Ohio boosted its stake in Churchill Downs, by 150.0% in the second quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $183,000 after acquiring an additional 600 shares during the period. Teacher Retirement System of Texas acquired a new position in Churchill Downs, in the second quarter valued at approximately $207,000. Finally, Advisor Partners LLC acquired a new position in Churchill Downs, in the second quarter valued at approximately $209,000. Institutional investors own 73.84% of the company’s stock.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now directly owns 90,878 shares of the company’s stock, valued at $18,016,563.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.44% of the stock is currently owned by corporate insiders.
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A number of equities analysts have commented on the company. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Imperial Capital restated a “buy” rating on shares of Churchill Downs, in a research note on Sunday, July 30th. Zacks Investment Research upgraded Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 target price for the company in a research note on Tuesday, August 1st. Finally, Telsey Advisory Group lifted their target price on Churchill Downs, from $182.00 to $196.00 and gave the company a “market perform” rating in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $206.33.
Shares of Churchill Downs, Incorporated (CHDN) opened at 207.20 on Thursday. The company has a market cap of $3.34 billion, a PE ratio of 28.32 and a beta of 0.86. The stock’s 50 day moving average price is $198.29 and its 200-day moving average price is $179.75. Churchill Downs, Incorporated has a 12-month low of $131.70 and a 12-month high of $208.93.
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. On average, equities research analysts forecast that Churchill Downs, Incorporated will post $6.75 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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