Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Swiss National Bank


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Swiss National Bank trimmed its position in Churchill Downs Incorporated (NASDAQ:CHDN) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,200 shares of the company’s stock after selling 200 shares during the quarter. Swiss National Bank owned about 0.20% of Churchill Downs worth $15,622,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baldwin Brothers Inc. MA acquired a new position in Churchill Downs in the 4th quarter valued at about $35,000. Wolff Wiese Magana LLC acquired a new position in shares of Churchill Downs in the 4th quarter worth approximately $58,000. NEXT Financial Group Inc acquired a new position in shares of Churchill Downs in the 3rd quarter worth approximately $96,000. Fieldpoint Private Securities LLC acquired a new position in shares of Churchill Downs in the 4th quarter worth approximately $114,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Churchill Downs by 8.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 702 shares of the company’s stock worth $137,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 73.01% of the company’s stock.

Shares of CHDN opened at $226.42 on Tuesday. Churchill Downs Incorporated has a fifty-two week low of $52.90 and a fifty-two week high of $229.40. The firm’s 50 day moving average price is $208.67 and its 200 day moving average price is $185.29. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 5.81. The company has a market cap of $8.93 billion, a P/E ratio of -93.95 and a beta of 1.37.

Several brokerages have recently commented on CHDN. Bank of America began coverage on shares of Churchill Downs in a report on Monday, January 4th. They issued a “buy” rating and a $235.00 price objective on the stock. KeyCorp began coverage on shares of Churchill Downs in a report on Wednesday, January 13th. They issued an “overweight” rating and a $239.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Churchill Downs from a “sell” rating to a “buy” rating and set a $242.00 price objective on the stock in a report on Wednesday, February 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $205.83.

In other Churchill Downs news, COO William E. Mudd sold 4,998 shares of the stock in a transaction that occurred on Thursday, December 24th. The shares were sold at an average price of $205.26, for a total value of $1,025,889.48. Following the sale, the chief operating officer now directly owns 251,354 shares of the company’s stock, valued at approximately $51,592,922.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William E. Mudd sold 6,000 shares of the stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $202.97, for a total transaction of $1,217,820.00. Following the completion of the sale, the chief operating officer now directly owns 271,552 shares in the company, valued at $55,116,909.44. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company’s stock.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Churchill Downs, Online Wagering, and Gaming. The company owns and operates Derby City Gaming, a historical racing machine in Louisville, Kentucky; online horse racing wagering platform, TwinSpires.com; and offers sports betting and iGaming through BetAmerica platform.

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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