Glenview Trust Co Reduces Position in Churchill Downs, Incorporated $CHDN

Glenview Trust Co trimmed its holdings in Churchill Downs, Incorporated (NASDAQ:CHDN) by 4.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,449 shares of the company’s stock after selling 8,757 shares during the period. Glenview Trust Co owned 0.29% of Churchill Downs worth $18,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its stake in Churchill Downs by 1.5% during the 3rd quarter. Allworth Financial LP now owns 7,549 shares of the company’s stock valued at $732,000 after acquiring an additional 109 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Churchill Downs by 4.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,619 shares of the company’s stock worth $254,000 after purchasing an additional 118 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Churchill Downs by 0.5% during the 1st quarter. Sanctuary Advisors LLC now owns 27,600 shares of the company’s stock worth $2,479,000 after purchasing an additional 125 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Churchill Downs by 1.1% during the 4th quarter. Park Avenue Securities LLC now owns 12,132 shares of the company’s stock worth $1,380,000 after purchasing an additional 136 shares during the last quarter. Finally, Nebula Research & Development LLC grew its position in shares of Churchill Downs by 4.8% in the second quarter. Nebula Research & Development LLC now owns 3,421 shares of the company’s stock valued at $346,000 after purchasing an additional 158 shares in the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Churchill Downs Price Performance

CHDN stock opened at $83.71 on Tuesday. Churchill Downs, Incorporated has a twelve month low of $80.24 and a twelve month high of $118.46. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44. The company has a market capitalization of $5.83 billion, a P/E ratio of 15.50, a PEG ratio of 0.57 and a beta of 0.67. The business has a 50 day simple moving average of $86.95 and a 200-day simple moving average of $91.95.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $659.32 million. During the same period in the prior year, the business earned $1.07 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Churchill Downs, Incorporated will post 7.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHDN. Weiss Ratings downgraded Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wells Fargo & Company dropped their target price on Churchill Downs from $132.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a research note on Thursday, July 2nd. Mizuho lifted their target price on Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Citigroup restated an “outperform” rating on shares of Churchill Downs in a report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Churchill Downs currently has an average rating of “Moderate Buy” and an average price target of $138.50.

Churchill Downs Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.