Gleason Group Inc. Has $49,000 Stock Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Gleason Group Inc. decreased its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN – Get Rating) by 47.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221 shares of the company’s stock after selling 200 shares during the period. Gleason Group Inc.’s holdings in Churchill Downs were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHDN. National Bank of Canada FI acquired a new position in Churchill Downs during the 4th quarter valued at about $26,000. CWM LLC bought a new position in shares of Churchill Downs during the 4th quarter worth approximately $28,000. Sageworth Trust Co of South Dakota bought a new position in shares of Churchill Downs during the 4th quarter worth approximately $43,000. Spire Wealth Management grew its stake in shares of Churchill Downs by 693.3% during the 4th quarter. Spire Wealth Management now owns 238 shares of the company’s stock worth $57,000 after acquiring an additional 208 shares in the last quarter. Finally, Covestor Ltd bought a new position in shares of Churchill Downs during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

CHDN opened at $197.36 on Tuesday. The company has a debt-to-equity ratio of 6.17, a quick ratio of 1.20 and a current ratio of 1.20. Churchill Downs Incorporated has a fifty-two week low of $172.75 and a fifty-two week high of $262.20. The company has a market capitalization of $7.51 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.46 and a beta of 1.12. The stock has a fifty day moving average of $194.51 and a 200-day moving average of $211.03.

Churchill Downs (NASDAQ:CHDN – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. Churchill Downs had a return on equity of 87.26% and a net margin of 15.58%. The company had revenue of $364.10 million for the quarter, compared to analysts’ expectations of $345.02 million. During the same quarter last year, the business earned $0.87 earnings per share. On average, equities research analysts predict that Churchill Downs Incorporated will post 8.22 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. StockNews.com assumed coverage on Churchill Downs in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company cut their price objective on Churchill Downs from $272.00 to $268.00 and set an “overweight” rating for the company in a report on Wednesday, April 13th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $275.33.

Churchill Downs Profile (Get Rating)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

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