Aigen Investment Management LP Has $1.20 Million Stake in Churchill Downs Incorporated (NASDAQ:CHDN)

Aigen Investment Management LP grew its stake in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 134.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,951 shares of the company's stock after acquiring an additional 5,134 shares during the period. Aigen Investment Management LP's holdings in Churchill Downs were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CHDN. Westfield Capital Management Co. LP grew its holdings in shares of Churchill Downs by 100.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company's stock valued at $103,241,000 after acquiring an additional 381,754 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Churchill Downs in the 3rd quarter valued at about $18,368,000. State Street Corp grew its holdings in shares of Churchill Downs by 5.8% in the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company's stock valued at $280,971,000 after acquiring an additional 114,018 shares in the last quarter. WCM Investment Management LLC bought a new position in shares of Churchill Downs in the 3rd quarter valued at about $15,231,000. Finally, Geode Capital Management LLC grew its holdings in shares of Churchill Downs by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company's stock valued at $175,742,000 after acquiring an additional 96,910 shares in the last quarter. Institutional investors own 82.59% of the company's stock.

Churchill Downs Stock Performance

CHDN stock traded down $1.20 during mid-day trading on Friday, hitting $112.00. 830,717 shares of the company were exchanged, compared to its average volume of 467,174. The business has a 50 day simple moving average of $123.43 and a 200-day simple moving average of $133.13. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 4.47. The stock has a market capitalization of $8.24 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. Churchill Downs Incorporated has a 1-year low of $109.40 and a 1-year high of $150.21.

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Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.06). The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $620.21 million. Churchill Downs had a return on equity of 43.67% and a net margin of 15.61%. On average, equities analysts forecast that Churchill Downs Incorporated will post 6.92 earnings per share for the current year.

Analysts Set New Price Targets

CHDN has been the subject of several analyst reports. Mizuho decreased their price objective on Churchill Downs from $151.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on Churchill Downs from $164.00 to $161.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, JMP Securities reiterated a "market outperform" rating and set a $166.00 price target on shares of Churchill Downs in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.38.

Churchill Downs Profile

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; casino gaming; and Terre Haute Casino Resort.