Churchill Downs, Incorporated $CHDN Stock Holdings Trimmed by Skylands Capital LLC

Skylands Capital LLC decreased its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 60.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,400 shares of the company’s stock after selling 6,700 shares during the quarter. Skylands Capital LLC’s holdings in Churchill Downs were worth $427,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. London Co. of Virginia lifted its holdings in Churchill Downs by 38.7% in the second quarter. London Co. of Virginia now owns 2,994,070 shares of the company’s stock worth $302,402,000 after purchasing an additional 835,294 shares during the period. AQR Capital Management LLC raised its position in shares of Churchill Downs by 22,974.8% during the 2nd quarter. AQR Capital Management LLC now owns 788,006 shares of the company’s stock worth $79,352,000 after buying an additional 784,591 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Churchill Downs by 52.3% in the 3rd quarter. Jennison Associates LLC now owns 1,457,336 shares of the company’s stock worth $141,376,000 after acquiring an additional 500,395 shares during the period. Norges Bank bought a new position in shares of Churchill Downs in the second quarter valued at approximately $43,935,000. Finally, Bank of America Corp DE increased its stake in shares of Churchill Downs by 74.4% during the second quarter. Bank of America Corp DE now owns 671,759 shares of the company’s stock valued at $67,848,000 after acquiring an additional 286,488 shares during the period. 82.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHDN has been the subject of a number of research reports. Citizens Jmp increased their price target on Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Macquarie Infrastructure restated an “outperform” rating and issued a $155.00 price objective on shares of Churchill Downs in a report on Friday, October 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a report on Wednesday, December 24th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Finally, Susquehanna restated a “positive” rating and set a $124.00 price objective (down previously from $126.00) on shares of Churchill Downs in a research report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.36.

Churchill Downs Trading Down 1.9%

Shares of CHDN opened at $94.78 on Thursday. The business’s 50-day moving average price is $107.76 and its 200 day moving average price is $102.92. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.87. The stock has a market capitalization of $6.61 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.44 and a beta of 0.67. Churchill Downs, Incorporated has a 1-year low of $85.58 and a 1-year high of $125.87.

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.