Rhumbline Advisers Sells 13,966 Shares of Churchill Downs, Incorporated $CHDN

Rhumbline Advisers lowered its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,099 shares of the company’s stock after selling 13,966 shares during the period. Rhumbline Advisers owned approximately 0.26% of Churchill Downs worth $17,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Churchill Downs by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $67,000 after purchasing an additional 123 shares in the last quarter. Bessemer Group Inc. increased its holdings in Churchill Downs by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 6,474 shares of the company’s stock worth $654,000 after buying an additional 126 shares in the last quarter. RPS Advisory Solutions LLC raised its position in Churchill Downs by 4.6% in the 2nd quarter. RPS Advisory Solutions LLC now owns 3,497 shares of the company’s stock worth $353,000 after buying an additional 154 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Churchill Downs by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 4,520 shares of the company’s stock valued at $438,000 after acquiring an additional 156 shares during the period. Finally, Nebula Research & Development LLC lifted its stake in Churchill Downs by 4.8% during the 2nd quarter. Nebula Research & Development LLC now owns 3,421 shares of the company’s stock valued at $346,000 after acquiring an additional 158 shares during the period. 82.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $125.00 price target (up from $115.00) on shares of Churchill Downs in a research note on Monday, January 5th. Citizens Jmp lifted their target price on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Barclays increased their price target on Churchill Downs from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Susquehanna reaffirmed a “positive” rating and issued a $124.00 price objective (down previously from $126.00) on shares of Churchill Downs in a report on Tuesday, October 21st. Finally, Citigroup reiterated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Churchill Downs has a consensus rating of “Moderate Buy” and an average price target of $135.10.

Churchill Downs Trading Down 1.4%

NASDAQ:CHDN opened at $87.97 on Wednesday. Churchill Downs, Incorporated has a one year low of $85.58 and a one year high of $125.87. The business has a fifty day moving average price of $105.84 and a 200-day moving average price of $102.32. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.57 and a quick ratio of 0.57.

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.