Churchill Downs, Incorporated $CHDN Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in Churchill Downs, Incorporated (NASDAQ:CHDN) by 15.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 267,411 shares of the company’s stock after acquiring an additional 36,060 shares during the period. Natixis Advisors LLC’s holdings in Churchill Downs were worth $25,942,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Churchill Downs by 29.8% in the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after purchasing an additional 784 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Churchill Downs by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock valued at $53,675,000 after purchasing an additional 121,204 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Churchill Downs by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock worth $25,080,000 after buying an additional 15,161 shares in the last quarter. Geneos Wealth Management Inc. raised 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 worth $28,000 after buying an additional 232 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Churchill Downs in the second quarter valued at $229,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Stock Performance

Shares of NASDAQ CHDN opened at $83.62 on Wednesday. The stock’s fifty day simple moving average is $98.54 and its 200 day simple moving average is $101.09. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.41 and a beta of 0.65. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 5.02. Churchill Downs, Incorporated has a 52-week low of $80.24 and a 52-week high of $118.46.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Churchill Downs had a return on equity of 43.26% and a net margin of 13.09%.The business had revenue of $665.90 million during the quarter, compared to the consensus estimate of $658.01 million. During the same period in the prior year, the business posted $0.92 earnings per share. Churchill Downs’s revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Churchill Downs, Incorporated will post 6.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHDN has been the subject of several research reports. Citizens Jmp raised their target price on Churchill Downs from $142.00 to $146.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company dropped their price target on shares of Churchill Downs from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reaffirmed 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Churchill Downs has an average rating of “Moderate Buy” and an average price target 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.