Xponance Inc. Sells 612 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Xponance Inc. lowered its stake in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,215 shares of the company’s stock after selling 612 shares during the quarter. Xponance Inc.’s holdings in Churchill Downs were worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CHDN. Boston Partners bought a new stake in Churchill Downs during the third quarter worth $47,479,000. Federated Hermes Inc. grew its holdings in Churchill Downs by 1,560.2% during the third quarter. Federated Hermes Inc. now owns 134,622 shares of the company’s stock worth $15,622,000 after buying an additional 126,513 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Churchill Downs by 8.3% during the third quarter. Ameriprise Financial Inc. now owns 1,086,275 shares of the company’s stock worth $126,051,000 after buying an additional 83,214 shares in the last quarter. Sapient Capital LLC bought a new stake in Churchill Downs during the fourth quarter worth $9,913,000. Finally, Vanguard Group Inc. grew its holdings in Churchill Downs by 0.8% during the third quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock worth $776,231,000 after buying an additional 56,318 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 1.5 %

Shares of NASDAQ CHDN opened at $120.74 on Tuesday. Churchill Downs Incorporated has a one year low of $106.45 and a one year high of $150.45. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. The business’s fifty day moving average price is $119.46 and its 200-day moving average price is $120.48. The stock has a market capitalization of $8.90 billion, a PE ratio of 22.13, a P/E/G ratio of 8.29 and a beta of 1.03.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.18. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The firm had revenue of $561.20 million for the quarter, compared to analysts’ expectations of $553.05 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that Churchill Downs Incorporated will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $150.00 price objective on shares of Churchill Downs in a research note on Wednesday, April 10th. Mizuho assumed coverage on Churchill Downs in a research note on Tuesday, March 26th. They issued a “buy” rating and a $142.00 price objective for the company. Finally, Wells Fargo & Company upgraded Churchill Downs from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $137.00 to $141.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Churchill Downs has a consensus rating of “Moderate Buy” and a consensus target price of $143.13.

About Churchill Downs

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; and casino gaming.