Aurora Investment Counsel Acquires Shares of 24,085 Churchill Downs, Incorporated (NASDAQ:CHDN)

Aurora Investment Counsel purchased a new position in Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,085 shares of the company's stock, valued at approximately $2,675,000. Churchill Downs makes up 1.5% of Aurora Investment Counsel's holdings, making the stock its 11th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Utah Retirement Systems increased its stake in Churchill Downs by 2.7% in the 4th quarter. Utah Retirement Systems now owns 3,800 shares of the company's stock worth $507,000 after buying an additional 100 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Churchill Downs by 39.6% in the first quarter. Central Pacific Bank Trust Division now owns 455 shares of the company's stock worth $51,000 after acquiring an additional 129 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Churchill Downs by 4.2% during the first quarter. OneDigital Investment Advisors LLC now owns 3,237 shares of the company's stock worth $360,000 after purchasing an additional 130 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Churchill Downs by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,165 shares of the company's stock worth $556,000 after purchasing an additional 165 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Churchill Downs by 2.8% in the 1st quarter. Bessemer Group Inc. now owns 6,348 shares of the company's stock worth $705,000 after purchasing an additional 175 shares during the period. Institutional investors own 82.59% of the company's stock.

Insider Buying and Selling at Churchill Downs

In other news, Director Douglas C. Grissom purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $92.77 per share, with a total value of $927,700.00. Following the purchase, the director owned 38,869 shares in the company, valued at approximately $3,605,877.13. This trade represents a 34.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Alex Rankin purchased 2,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $92.65 per share, for a total transaction of $185,300.00. Following the completion of the acquisition, the director directly owned 99,012 shares in the company, valued at $9,173,461.80. The trade was a 2.06% increase in their position. The disclosure for this purchase can be found here. 5.34% of the stock is owned by insiders.

Analyst Ratings Changes

CHDN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Churchill Downs from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stifel Nicolaus lifted their price target on shares of Churchill Downs from $130.00 to $133.00 and gave the company a "buy" rating in a report on Friday. Macquarie dropped their price objective on shares of Churchill Downs from $172.00 to $154.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Mizuho cut their price objective on Churchill Downs from $137.00 to $134.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. began coverage on Churchill Downs in a research report on Monday, June 23rd. They issued an "overweight" rating and a $116.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.09.

Churchill Downs Trading Up 1.0%

NASDAQ CHDN traded up $1.09 during trading hours on Monday, hitting $106.89. 455,708 shares of the company were exchanged, compared to its average volume of 740,766. Churchill Downs, Incorporated has a 52 week low of $85.58 and a 52 week high of $150.21. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 4.49. The stock has a 50-day moving average price of $98.37 and a 200 day moving average price of $109.05. The stock has a market cap of $7.72 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). Churchill Downs had a return on equity of 40.73% and a net margin of 15.19%. The company had revenue of $642.60 million during the quarter, compared to analysts' expectations of $649.68 million. During the same quarter last year, the firm posted $1.13 EPS. Churchill Downs's revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts forecast that Churchill Downs, Incorporated will post 6.92 earnings per share for the current fiscal year.

Churchill Downs Profile

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.