Churchill Downs, Incorporated (CHDN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,013,670 shares of the company’s stock after selling 58,050 shares during the period. Vanguard Group Inc. owned 6.30% of Churchill Downs, worth $185,806,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Churchill Downs, by 2.5% during the second quarter. Northern Trust Corp now owns 220,343 shares of the company’s stock worth $40,389,000 after purchasing an additional 5,474 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Churchill Downs, by 352.2% during the second quarter. Citigroup Inc. now owns 719 shares of the company’s stock worth $132,000 after purchasing an additional 560 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Churchill Downs, by 60.2% during the second quarter. Van ECK Associates Corp now owns 2,544 shares of the company’s stock worth $466,000 after purchasing an additional 956 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Churchill Downs, by 11.9% during the second quarter. UBS Asset Management Americas Inc. now owns 6,365 shares of the company’s stock worth $1,167,000 after purchasing an additional 675 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of Churchill Downs, during the second quarter worth $2,385,000. Institutional investors own 73.85% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Churchill Downs, Incorporated (CHDN) Shares Sold by Vanguard Group Inc.” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/churchill-downs-incorporated-chdn-shares-sold-by-vanguard-group-inc.html.

CHDN has been the topic of several research analyst reports. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Churchill Downs, from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Imperial Capital raised their price target on Churchill Downs, from $184.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Telsey Advisory Group raised their price target on Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $210.67.

In related news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now owns 90,878 shares in the company, valued at approximately $18,016,563.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.44% of the company’s stock.

Churchill Downs, Incorporated (NASDAQ:CHDN) opened at 209.00 on Wednesday. The company has a market cap of $3.36 billion, a PE ratio of 28.56 and a beta of 0.86. The company has a 50-day moving average price of $202.07 and a 200 day moving average price of $182.61. Churchill Downs, Incorporated has a 12-month low of $131.70 and a 12-month high of $209.98.

Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.30. The business had revenue of $451.90 million for the quarter, compared to analyst estimates of $439.33 million. Churchill Downs, had a return on equity

Several other hedge funds have also made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Churchill Downs, by 2.5% during the second quarter. Northern Trust Corp now owns 220,343 shares of the company’s stock worth $40,389,000 after purchasing an additional 5,474 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Churchill Downs, by 352.2% during the second quarter. Citigroup Inc. now owns 719 shares of the company’s stock worth $132,000 after purchasing an additional 560 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Churchill Downs, by 60.2% during the second quarter. Van ECK Associates Corp now owns 2,544 shares of the company’s stock worth $466,000 after purchasing an additional 956 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Churchill Downs, by 11.9% during the second quarter. UBS Asset Management Americas Inc. now owns 6,365 shares of the company’s stock worth $1,167,000 after purchasing an additional 675 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of Churchill Downs, during the second quarter worth $2,385,000. Institutional investors own 73.85% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Churchill Downs, Incorporated (CHDN) Shares Sold by Vanguard Group Inc.” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/churchill-downs-incorporated-chdn-shares-sold-by-vanguard-group-inc.html.

CHDN has been the topic of several research analyst reports. BidaskClub upgraded Churchill Downs, from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Churchill Downs, from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Imperial Capital raised their price target on Churchill Downs, from $184.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Telsey Advisory Group raised their price target on Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $210.67.

In related news, Director Robert L. Evans sold 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $198.25, for a total transaction of $991,250.00. Following the sale, the director now owns 90,878 shares in the company, valued at approximately $18,016,563.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.44% of the company’s stock.

Churchill Downs, Incorporated (NASDAQ:CHDN) opened at 209.00 on Wednesday. The company has a market cap of $3.36 billion, a PE ratio of 28.56 and a beta of 0.86. The company has a 50-day moving average price of $202.07 and a 200 day moving average price of $182.61. Churchill Downs, Incorporated has a 12-month low of $131.70 and a 12-month high of $209.98.

Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.30. The business had revenue of $451.90 million for the quarter, compared to analyst estimates of $439.33 million. Churchill Downs, had a return on equity of 15.83% and a net margin of 9.22%. Churchill Downs,’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 EPS. On average, analysts forecast that Churchill Downs, Incorporated will post $6.75 EPS for the current fiscal year.

Churchill Downs, Company Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

Institutional Ownership by Quarter for Churchill Downs, (NASDAQ:CHDN)

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