Churchill Downs, Incorporated (CHDN) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN decreased its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,465 shares of the company’s stock after selling 2,953 shares during the period. Wells Fargo & Company MN owned about 0.11% of Churchill Downs, worth $3,201,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Churchill Downs, by 23,504.2% during the first quarter. BlackRock Inc. now owns 1,301,301 shares of the company’s stock worth $206,713,000 after purchasing an additional 1,295,788 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Churchill Downs, by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,071,720 shares of the company’s stock worth $170,242,000 after purchasing an additional 47,702 shares during the last quarter. FMR LLC lifted its position in shares of Churchill Downs, by 25.7% during the first quarter. FMR LLC now owns 737,671 shares of the company’s stock worth $117,179,000 after purchasing an additional 150,623 shares during the last quarter. State Street Corp lifted its position in shares of Churchill Downs, by 2.5% during the first quarter. State Street Corp now owns 409,811 shares of the company’s stock worth $65,104,000 after purchasing an additional 9,864 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Churchill Downs, by 17.6% during the second quarter. Victory Capital Management Inc. now owns 308,262 shares of the company’s stock worth $56,504,000 after purchasing an additional 46,047 shares during the last quarter. 73.85% of the stock is currently owned by institutional investors and hedge funds.
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Churchill Downs, Incorporated (NASDAQ CHDN) opened at 208.55 on Friday. Churchill Downs, Incorporated has a one year low of $131.70 and a one year high of $211.58. The company has a market cap of $3.36 billion, a PE ratio of 28.50 and a beta of 0.86. The firm has a 50-day moving average of $203.61 and a 200-day moving average of $183.70.
Churchill Downs, (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.30. Churchill Downs, had a net margin of 9.22% and a return on equity of 15.83%. The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $439.33 million. During the same quarter in the previous year, the firm posted $4.11 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Churchill Downs, Incorporated will post $6.75 EPS for the current year.
Several equities analysts have recently commented on the stock. Telsey Advisory Group increased their price target on shares of Churchill Downs, from $182.00 to $196.00 and gave the stock a “market perform” rating in a research report on Thursday, September 14th. Imperial Capital increased their price target on shares of Churchill Downs, from $184.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price target on the stock in a research report on Tuesday, August 1st. Finally, BidaskClub raised shares of Churchill Downs, from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Churchill Downs, presently has a consensus rating of “Hold” and an average target price of $210.67.
In other news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $198.25, for a total transaction of $991,250.00. Following the transaction, the director now owns 90,878 shares in the company, valued at approximately $18,016,563.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 18.44% of the company’s stock.
Churchill Downs, Profile
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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