Churchill Downs, Incorporated (NASDAQ:CHDN) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,266 shares of the company’s stock after selling 1,384 shares during the period. Natixis Advisors LLC owned 0.17% of Churchill Downs worth $13,580,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CHDN. XTX Topco Ltd acquired a new position in shares of Churchill Downs in the 1st quarter valued at about $3,044,000. GSA Capital Partners LLP lifted its stake in shares of Churchill Downs by 18.3% in the 1st quarter. GSA Capital Partners LLP now owns 6,255 shares of the company’s stock valued at $695,000 after purchasing an additional 966 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Churchill Downs by 0.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 44,338 shares of the company’s stock valued at $4,925,000 after purchasing an additional 138 shares in the last quarter. Schulhoff & Co. Inc. acquired a new position in shares of Churchill Downs in the 1st quarter valued at about $418,000. Finally, LPL Financial LLC lifted its stake in shares of Churchill Downs by 51.5% in the 1st quarter. LPL Financial LLC now owns 61,158 shares of the company’s stock valued at $6,793,000 after purchasing an additional 20,802 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Churchill Downs Stock Performance

Shares of NASDAQ:CHDN opened at $106.39 on Monday. The company has a market cap of $7.46 billion, a P/E ratio of 18.28, a PEG ratio of 1.99 and a beta of 0.95. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.60 and a current ratio of 0.60. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $150.21. The business’s 50-day simple moving average is $102.22 and its 200 day simple moving average is $106.73.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, July 23rd. The company reported $3.10 EPS for the quarter, beating the consensus estimate of $3.03 by $0.07. The business had revenue of $934.40 million for the quarter, compared to the consensus estimate of $924.36 million. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $2.89 EPS. On average, sell-side analysts forecast that Churchill Downs, Incorporated will post 6.92 earnings per share for the current fiscal year.

Insider Transactions at Churchill Downs

In other Churchill Downs news, Director Douglas C. Grissom acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $92.77 per share, for a total transaction of $927,700.00. Following the acquisition, the director directly owned 38,869 shares of the company’s stock, valued at $3,605,877.13. This trade represents a 34.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHDN. Wall Street Zen raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Mizuho lifted their price objective on Churchill Downs from $134.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Susquehanna lifted their price objective on Churchill Downs from $121.00 to $126.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Churchill Downs in a research note on Monday, June 23rd. They issued an “overweight” rating and a $116.00 price objective on the stock. Finally, Jefferies Financial Group reduced their price objective on Churchill Downs from $160.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.18.

Churchill Downs Profile

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; casino gaming; and Terre Haute Casino Resort.