PNC Financial Services Group Inc. lessened its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,665 shares of the company's stock after selling 7,976 shares during the period. PNC Financial Services Group Inc. owned 0.09% of Churchill Downs worth $9,036,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Churchill Downs by 127.2% during the 4th quarter. Blue Trust Inc. now owns 184 shares of the company's stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Churchill Downs during the 3rd quarter worth about $27,000. Fortitude Family Office LLC lifted its holdings in Churchill Downs by 2,733.3% during the 4th quarter. Fortitude Family Office LLC now owns 255 shares of the company's stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Churchill Downs during the 4th quarter worth about $55,000. Finally, R Squared Ltd purchased a new stake in Churchill Downs during the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 82.59% of the company's stock.
Churchill Downs Price Performance
Shares of Churchill Downs stock opened at $108.60 on Wednesday. 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 firm has a market capitalization of $7.99 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The business's 50-day moving average price is $122.44 and its 200-day moving average price is $132.69. Churchill Downs Incorporated has a 12 month low of $107.01 and a 12 month high of $150.21.
Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.06). The firm had revenue of $624.20 million for the quarter, compared to the consensus estimate of $620.21 million. Churchill Downs had a net margin of 15.61% and a return on equity of 43.67%. Sell-side analysts forecast that Churchill Downs Incorporated will post 6.92 EPS for the current fiscal year.
Analysts Set New Price Targets
CHDN has been the topic of a number of recent research reports. JMP Securities reissued a "market outperform" rating and set a $166.00 price objective on shares of Churchill Downs in a report on Thursday, January 16th. Wells Fargo & Company decreased their target price on Churchill Downs from $165.00 to $158.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Mizuho decreased their target price on Churchill Downs from $151.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Churchill Downs from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on Churchill Downs from $164.00 to $161.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $159.38.
Check Out Our Latest Stock Report on CHDN
About Churchill Downs
(
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; casino gaming; and Terre Haute Casino Resort.
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