New Mexico Educational Retirement Board grew its position in shares of Churchill Downs, Inc. (NASDAQ:CHDN) by 37.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,400 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Churchill Downs were worth $865,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CHDN. Point72 Hong Kong Ltd bought a new position in Churchill Downs during the 4th quarter worth approximately $28,000. Aigen Investment Management LP bought a new position in Churchill Downs during the 1st quarter worth approximately $36,000. Orion Portfolio Solutions LLC bought a new stake in shares of Churchill Downs in the 4th quarter valued at $54,000. Marshall Wace North America L.P. increased its stake in shares of Churchill Downs by 200.0% in the 1st quarter. Marshall Wace North America L.P. now owns 780 shares of the company’s stock valued at $70,000 after acquiring an additional 520 shares in the last quarter. Finally, Bainco International Investors bought a new stake in shares of Churchill Downs in the 1st quarter valued at $75,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

CHDN opened at $125.91 on Tuesday. The company has a debt-to-equity ratio of 4.95, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 50.36 and a beta of 1.16. The firm’s fifty day moving average price is $127.56 and its two-hundred day moving average price is $123.16. Churchill Downs, Inc. has a 1 year low of $52.90 and a 1 year high of $167.52.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.11). The firm had revenue of $252.90 million for the quarter, compared to analysts’ expectations of $251.45 million. Churchill Downs had a return on equity of 30.45% and a net margin of 7.78%. Churchill Downs’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, equities analysts anticipate that Churchill Downs, Inc. will post 1.47 EPS for the current year.

Several research firms have recently weighed in on CHDN. JPMorgan Chase & Co. upgraded shares of Churchill Downs from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. TheStreet lowered shares of Churchill Downs from a “b-” rating to a “c+” rating in a research note on Wednesday, March 18th. Zacks Investment Research upgraded shares of Churchill Downs from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. BidaskClub upgraded shares of Churchill Downs from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, ValuEngine upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.00.

In related news, COO William E. Mudd sold 5,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $122.01, for a total value of $610,050.00. Following the transaction, the chief operating officer now directly owns 286,690 shares of the company’s stock, valued at approximately $34,979,046.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO William E. Mudd sold 4,138 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $139.19, for a total transaction of $575,968.22. Following the completion of the transaction, the chief operating officer now directly owns 276,583 shares in the company, valued at $38,497,587.77. The disclosure for this sale can be found here. Insiders sold a total of 14,138 shares of company stock worth $1,813,968 over the last three months. 4.28% of the stock is owned by insiders.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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

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