Prudential Financial Inc. decreased its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 39.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,073 shares of the company’s stock after selling 32,530 shares during the period. Prudential Financial Inc. owned approximately 0.30% of Churchill Downs, worth $7,795,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. LS Investment Advisors LLC boosted its stake in shares of 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 buying an additional 365 shares during the last quarter. Van ECK Associates Corp boosted its stake in Churchill Downs, by 24.3% in the fourth quarter. Van ECK Associates Corp now owns 1,494 shares of the company’s stock valued at $225,000 after buying an additional 292 shares in the last quarter. Profund Advisors LLC boosted its stake in Churchill Downs, by 3.9% in the first quarter. Profund Advisors LLC now owns 1,602 shares of the company’s stock valued at $254,000 after buying an additional 60 shares in the last quarter. Numeric Investors LLC purchased a new stake in Churchill Downs, during the fourth quarter valued at about $256,000. Finally, Thrivent Financial for Lutherans boosted its stake in Churchill Downs, by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,110 shares of the company’s stock valued at $317,000 after buying an additional 150 shares in the last quarter. Institutional investors own 69.52% of the company’s stock.
Shares of Churchill Downs, Incorporated (CHDN) opened at 182.55 on Friday. The firm has a 50-day moving average of $170.24 and a 200 day moving average of $157.13. Churchill Downs, Incorporated has a 1-year low of $118.88 and a 1-year high of $182.70. The stock has a market capitalization of $2.98 billion, a PE ratio of 27.16 and a beta of 0.85.
Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.44 earnings per share 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 firm had revenue of $279.50 million for the quarter, compared to analysts’ expectations of $283.23 million. During the same period in the prior year, the firm earned $0.16 EPS. Churchill Downs,’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 EPS for the current year.
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CHDN has been the topic of several recent analyst reports. Telsey Advisory Group cut shares of Churchill Downs, from an “outperform” rating to a “market perform” rating and set a $174.00 target price on the stock. in a research note on Friday, April 28th. Zacks Investment Research cut shares of Churchill Downs, from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Finally, Imperial Capital increased their target price on shares of Churchill Downs, from $169.00 to $184.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $171.75.
In other Churchill Downs, news, Director Robert L. Evans sold 5,000 shares of Churchill Downs, stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $157.26, for a total transaction of $786,300.00. Following the transaction, the director now owns 107,350 shares of the company’s stock, valued at $16,881,861. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Evans sold 4,466 shares of Churchill Downs, stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $158.00, for a total transaction of $705,628.00. Following the transaction, the director now directly owns 100,875 shares in the company, valued at approximately $15,938,250. The disclosure for this sale can be found here. Insiders have sold 11,475 shares of company stock worth $1,811,359 in the last ninety days. Insiders own 18.44% of the company’s stock.
About Churchill Downs,
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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