Capital International Investors Has $300.60 Million Holdings in Churchill Downs, Incorporated $CHDN

Capital International Investors increased its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 16.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,098,598 shares of the company’s stock after buying an additional 434,669 shares during the period. Capital International Investors’ holdings in Churchill Downs were worth $300,595,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CHDN. First Horizon Corp acquired a new stake in Churchill Downs during the 3rd quarter worth about $26,000. Quent Capital LLC bought a new position in shares of Churchill Downs in the 3rd quarter worth about $27,000. Geneos Wealth Management Inc. lifted its stake in shares of Churchill Downs by 1,364.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Churchill Downs by 1,670.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 301 shares of the company’s stock valued at $29,000 after purchasing an additional 284 shares during the period. Finally, MAI Capital Management boosted its position in shares of Churchill Downs by 306.9% during the 2nd quarter. MAI Capital Management now owns 293 shares of the company’s stock valued at $30,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Performance

Shares of CHDN opened at $83.62 on Wednesday. Churchill Downs, Incorporated has a one year low of $80.24 and a one year high of $118.46. The company has a market cap of $5.83 billion, a PE ratio of 15.90, a P/E/G ratio of 1.41 and a beta of 0.65. The stock has a 50-day moving average of $98.54 and a 200-day moving average of $101.09. The company has a debt-to-equity ratio of 5.02, a current ratio of 0.60 and a quick ratio of 0.60.

Churchill Downs (NASDAQ:CHDN) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $665.90 million for the quarter, compared to the consensus estimate of $658.01 million. Churchill Downs had a return on equity of 43.26% and a net margin of 13.09%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. On average, equities research analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHDN shares. Wells Fargo & Company decreased their target price on Churchill Downs from $125.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Wednesday, January 14th. Citizens Jmp raised their price objective on shares of Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Churchill Downs has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.