Copeland Capital Management LLC Has $36.33 Million Stake in Churchill Downs Incorporated (NASDAQ:CHDN)

Copeland Capital Management LLC lifted its holdings in Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268,725 shares of the company's stock after purchasing an additional 4,614 shares during the period. Copeland Capital Management LLC owned 0.37% of Churchill Downs worth $36,334,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CHDN. First Horizon Advisors Inc. grew its position in Churchill Downs by 13.8% during the second quarter. First Horizon Advisors Inc. now owns 818 shares of the company's stock worth $114,000 after buying an additional 99 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Churchill Downs by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 7,065 shares of the company's stock worth $986,000 after purchasing an additional 105 shares during the period. Arizona State Retirement System boosted its stake in Churchill Downs by 0.6% during the second quarter. Arizona State Retirement System now owns 18,564 shares of the company's stock worth $2,592,000 after buying an additional 114 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Churchill Downs by 4.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,547 shares of the company's stock valued at $356,000 after buying an additional 116 shares during the period. Finally, CWM LLC raised its stake in shares of Churchill Downs by 36.8% in the 2nd quarter. CWM LLC now owns 439 shares of the company's stock valued at $61,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CHDN. Truist Financial restated a "buy" rating and set a $166.00 target price (up previously from $165.00) on shares of Churchill Downs in a research report on Friday, July 26th. Wells Fargo & Company increased their price target on Churchill Downs from $161.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Bank of America upgraded Churchill Downs from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $155.00 in a research report on Monday, August 12th. Macquarie raised their target price on Churchill Downs from $154.00 to $162.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group lifted their price target on Churchill Downs from $153.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.00.

Churchill Downs Stock Down 0.9 %

Shares of NASDAQ:CHDN traded down $1.26 during midday trading on Tuesday, reaching $134.23. 379,315 shares of the company were exchanged, compared to its average volume of 425,773. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.65. The firm has a market cap of $9.87 billion, a PE ratio of 29.72, a P/E/G ratio of 2.06 and a beta of 0.97. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $146.64. The stock has a fifty day simple moving average of $137.78 and a two-hundred day simple moving average of $135.60.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.71 by $0.18. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The firm had revenue of $890.70 million during the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the prior year, the firm posted $2.24 EPS. The business's revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts forecast that Churchill Downs Incorporated will post 6.13 earnings per share for the current year.

Churchill Downs Company 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.