Churchill Downs Incorporated (NASDAQ:CHDN) Shares Sold by Vanguard Personalized Indexing Management LLC (2024)

Posted by Defense World Staff on May 22nd, 2024

Vanguard Personalized Indexing Management LLC trimmed its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN – Free Report) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,727 shares of the company’s stock after selling 1,823 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Churchill Downs were worth $773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barlow Wealth Partners Inc. acquired a new position in Churchill Downs during the 4th quarter valued at about $20,669,000. Teachers Retirement System of The State of Kentucky raised its position in shares of 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 buying an additional 10,868 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 38,298 shares in the last quarter. Jennison Associates LLC raised its position in shares of Churchill Downs by 28.9% during the 4th quarter. Jennison Associates LLC now owns 803,074 shares of the company’s stock worth $108,359,000 after buying an additional 179,814 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of 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 buying an additional 189 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Paul C. Varga acquired 3,800 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $130.22 per share, with a total value of $494,836.00. Following the completion of the transaction, the director now owns 28,902 shares of the company’s stock, valued at approximately $3,763,618.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHDN has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Churchill Downs from $142.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus boosted their price target on shares of Churchill Downs from $150.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company upgraded shares of Churchill Downs from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $137.00 to $141.00 in a report on Monday, April 15th. StockNews.com upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Truist Financial boosted their target price on shares of Churchill Downs from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Churchill Downs has an average rating of “Moderate Buy” and an average target price of $145.25.

View Our Latest Analysis on CHDN

Churchill Downs Stock Up 0.1 %

CHDN stock opened at $135.47 on Wednesday. Churchill Downs Incorporated has a 52-week low of $106.45 and a 52-week high of $144.81. The company’s 50 day simple moving average is $125.88 and its 200-day simple moving average is $123.68. The company has a debt-to-equity ratio of 5.88, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $9.96 billion, a P/E ratio of 30.17, a P/E/G ratio of 3.79 and a beta of 0.99.

Churchill Downs (NASDAQ:CHDN – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.35. Churchill Downs had a net margin of 13.72% and a return on equity of 44.99%. The business had revenue of $590.90 million for the quarter, compared to analyst estimates of $565.41 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Churchill Downs Incorporated will post 5.72 EPS for the current year.

Churchill Downs Profile

(Free Report)

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.

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