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.
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.
- Get a free copy of the StockNews.com research report on Churchill Downs (CHDN)
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