Aurora Investment Counsel Invests $2.27 Million in Churchill Downs, Incorporated $CHDN

Aurora Investment Counsel purchased a new position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,269 shares of the company's stock, valued at approximately $2,265,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Churchill Downs during the 2nd quarter valued at about $555,948,000. Norges Bank bought a new position in Churchill Downs during the fourth quarter valued at approximately $90,529,000. AQR Capital Management LLC lifted its stake in Churchill Downs by 22,974.8% in the second quarter. AQR Capital Management LLC now owns 788,006 shares of the company's stock valued at $79,352,000 after acquiring an additional 784,591 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Churchill Downs by 94.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,020,393 shares of the company's stock valued at $116,100,000 after acquiring an additional 494,553 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Churchill Downs by 49.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,376,402 shares of the company's stock worth $133,525,000 after acquiring an additional 452,716 shares in the last quarter. 82.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CHDN. Jefferies Financial Group reissued a "buy" rating on shares of Churchill Downs in a research report on Thursday, July 2nd. Susquehanna boosted their price target on Churchill Downs from $121.00 to $124.00 and gave the stock a "positive" rating in a research report on Friday, July 31st. Citizens Jmp decreased their price target on Churchill Downs from $149.00 to $137.00 and set a "market outperform" rating for the company in a research note on Friday, July 31st. Weiss Ratings reissued a "sell (d+)" rating on shares of Churchill Downs in a report on Friday, July 31st. Finally, Truist Financial set a $145.00 price objective on Churchill Downs in a report on Friday, June 12th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.88.

Churchill Downs Price Performance

Shares of NASDAQ:CHDN opened at $91.75 on Thursday. The business has a 50 day moving average price of $87.05 and a 200 day moving average price of $88.88. Churchill Downs, Incorporated has a twelve month low of $79.40 and a twelve month high of $118.35. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.84 and a beta of 0.68. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 3.06.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $3.45 EPS for the quarter, hitting the consensus estimate of $3.45. Churchill Downs had a return on equity of 42.16% and a net margin of 13.82%.The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $977.38 million. During the same period in the previous year, the business posted $3.10 EPS. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that Churchill Downs, Incorporated will post 7.14 earnings per share for the current year.

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.

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