AlphaQuest LLC Purchases 33,028 Shares of Churchill Downs, Incorporated $CHDN

AlphaQuest LLC lifted its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 711.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,670 shares of the company’s stock after buying an additional 33,028 shares during the quarter. AlphaQuest LLC owned approximately 0.05% of Churchill Downs worth $3,654,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Horizon Corp bought a new stake in shares of Churchill Downs in the third quarter worth about $26,000. Quent Capital LLC purchased a new position in Churchill Downs during the 3rd quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its stake in Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after acquiring an additional 232 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Churchill Downs by 1,670.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 301 shares of the company’s stock worth $29,000 after acquiring an additional 284 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of Churchill Downs by 306.9% during the 2nd quarter. MAI Capital Management now owns 293 shares of the company’s stock worth $30,000 after acquiring an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

CHDN has been the topic of several recent research reports. Citigroup restated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th. Macquarie reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Churchill Downs in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Churchill Downs in a report on Wednesday, October 8th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $125.00 price target (up previously from $115.00) on shares of Churchill Downs in a report on Monday, January 5th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.36.

Churchill Downs Stock Performance

CHDN stock opened at $97.93 on Friday. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $126.60. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a 50-day simple moving average of $110.22 and a two-hundred day simple moving average of $103.75.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.