Xponance Inc. Has $2.05 Million Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Xponance Inc. lowered its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,215 shares of the company’s stock after selling 612 shares during the quarter. Xponance Inc.’s holdings in Churchill Downs were worth $2,053,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its position in Churchill Downs by 90.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,898 shares of the company’s stock worth $2,657,000 after acquiring an additional 10,868 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Churchill Downs by 34.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,035 shares of the company’s stock worth $17,178,000 after acquiring an additional 38,298 shares during the last quarter. Fifth Third Bancorp boosted its position in Churchill Downs by 15.1% during the 4th quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock worth $194,000 after acquiring an additional 189 shares during the last quarter. Vanguard Group Inc. boosted its position in Churchill Downs by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock worth $776,231,000 after acquiring an additional 56,318 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Churchill Downs by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 668,860 shares of the company’s stock worth $77,615,000 after purchasing an additional 32,751 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upgraded Churchill Downs from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $137.00 to $141.00 in a research note on Monday, April 15th. Mizuho assumed coverage on Churchill Downs in a research note on Tuesday, March 26th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of Churchill Downs in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.13.

Churchill Downs Stock Up 1.5 %

CHDN opened at $120.74 on Tuesday. Churchill Downs Incorporated has a 1-year low of $106.45 and a 1-year high of $150.45. The stock’s fifty day simple moving average is $119.46 and its 200 day simple moving average is $120.48. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.34. The stock has a market cap of $8.90 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 8.29 and a beta of 1.03.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.18. The firm had revenue of $561.20 million for the quarter, compared to analysts’ expectations of $553.05 million. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. As a group, research analysts expect that Churchill Downs Incorporated will post 5.48 earnings per share for the current year.

About Churchill Downs

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. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.