Barclays PLC lessened its holdings in Churchill Downs, Inc. (NASDAQ:CHDN) by 39.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,371 shares of the company’s stock after selling 17,108 shares during the period. Barclays PLC’s holdings in Churchill Downs were worth $3,255,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Capital Management Inc. ADV bought a new position in Churchill Downs during the 3rd quarter worth $27,000. Macquarie Group Ltd. bought a new position in Churchill Downs during the 2nd quarter worth $58,000. Tower Research Capital LLC TRC bought a new position in Churchill Downs during the 2nd quarter worth $62,000. AdvisorNet Financial Inc bought a new position in Churchill Downs during the 3rd quarter worth $74,000. Finally, NEXT Financial Group Inc increased its position in Churchill Downs by 151.1% during the 2nd quarter. NEXT Financial Group Inc now owns 678 shares of the company’s stock worth $78,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.
Shares of NASDAQ CHDN opened at $129.67 on Tuesday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.09 and a current ratio of 1.09. Churchill Downs, Inc. has a 52 week low of $74.58 and a 52 week high of $135.32. The stock has a market capitalization of $5.21 billion, a P/E ratio of 30.81, a PEG ratio of 1.61 and a beta of 1.22. The stock’s fifty day moving average is $129.28 and its 200 day moving average is $119.85.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. Churchill Downs had a return on equity of 33.71% and a net margin of 11.43%. The company had revenue of $306.30 million for the quarter, compared to analysts’ expectations of $299.27 million. During the same quarter last year, the business earned $0.53 earnings per share. Churchill Downs’s revenue was up 38.4% on a year-over-year basis. Equities research analysts forecast that Churchill Downs, Inc. will post 4.03 earnings per share for the current year.
The business also recently declared an annual dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be given a $0.581 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.45%. This is a boost from Churchill Downs’s previous annual dividend of $0.54. Churchill Downs’s dividend payout ratio (DPR) is presently 14.84%.
In related news, Director Karole Lloyd purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $123.16 per share, for a total transaction of $123,160.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.05% of the stock is currently owned by company insiders.
CHDN has been the topic of several recent research reports. Zacks Investment Research cut Churchill Downs from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 24th. ValuEngine cut Churchill Downs from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Finally, BidaskClub upgraded Churchill Downs from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Churchill Downs currently has an average rating of “Hold” and a consensus price target of $132.20.
Churchill Downs Company Profile
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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