2,200 Shares in Churchill Downs Incorporated (NASDAQ:CHDN) Purchased by Inscription Capital LLC

Inscription Capital LLC bought a new position in Churchill Downs Incorporated (NASDAQ:CHDN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,200 shares of the company’s stock, valued at approximately $436,000.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Churchill Downs by 9.1% in the second quarter. LPL Financial LLC now owns 1,692 shares of the company’s stock worth $335,000 after acquiring an additional 141 shares during the last quarter. RK Capital Management LLC lifted its holdings in shares of Churchill Downs by 36.6% in the second quarter. RK Capital Management LLC now owns 51,090 shares of the company’s stock worth $10,129,000 after acquiring an additional 13,700 shares during the last quarter. FMR LLC lifted its holdings in shares of Churchill Downs by 23.7% in the second quarter. FMR LLC now owns 4,264,356 shares of the company’s stock worth $845,452,000 after acquiring an additional 817,959 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Churchill Downs in the second quarter worth about $245,000. Finally, AlphaCrest Capital Management LLC lifted its holdings in shares of Churchill Downs by 57.7% in the second quarter. AlphaCrest Capital Management LLC now owns 2,233 shares of the company’s stock worth $443,000 after acquiring an additional 817 shares during the last quarter. 71.05% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Austin W. Miller sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $225.24, for a total transaction of $1,261,344.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.28% of the company’s stock.

NASDAQ:CHDN opened at $250.36 on Thursday. The company has a market capitalization of $9.64 billion, a PE ratio of 48.33 and a beta of 1.36. The company has a 50 day simple moving average of $218.67 and a two-hundred day simple moving average of $207.74. The company has a debt-to-equity ratio of 6.18, a quick ratio of 1.44 and a current ratio of 1.44. Churchill Downs Incorporated has a fifty-two week low of $147.06 and a fifty-two week high of $258.32.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Tuesday, July 27th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.56 by $0.40. The company had revenue of $515.10 million during the quarter, compared to the consensus estimate of $472.15 million. Churchill Downs had a net margin of 14.06% and a return on equity of 67.11%. Research analysts predict that Churchill Downs Incorporated will post 6.21 EPS for the current year.

Several research analysts have recently issued reports on CHDN shares. KeyCorp upped their price objective on Churchill Downs from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, October 6th. Wells Fargo & Company started coverage on Churchill Downs in a research note on Tuesday, September 14th. They issued an “overweight” rating and a $255.00 price objective for the company. TheStreet raised Churchill Downs from a “c” rating to a “b” rating in a research note on Tuesday, August 3rd. Zacks Investment Research raised Churchill Downs from a “hold” rating to a “buy” rating and set a $277.00 price objective for the company in a research note on Monday, October 4th. Finally, Macquarie started coverage on Churchill Downs in a research note on Friday, June 18th. They issued an “outperform” rating and a $254.00 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Churchill Downs currently has an average rating of “Buy” and an average target price of $257.50.

About Churchill Downs

Churchill Downs, Inc operates as a provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course.

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

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