Universal Beteiligungs und Servicegesellschaft mbH Takes $2.99 Million Position in Churchill Downs, Incorporated (NASDAQ:CHDN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,894 shares of the company's stock, valued at approximately $2,987,000.

Several other institutional investors have also recently made changes to their positions in CHDN. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Churchill Downs by 159.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 412 shares of the company's stock worth $46,000 after buying an additional 253 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings 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 buying an additional 129 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Churchill Downs by 154.9% in the first quarter. Private Trust Co. NA now owns 543 shares of the company's stock worth $60,000 after buying an additional 330 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Churchill Downs by 46.8% in the fourth quarter. Covestor Ltd now owns 929 shares of the company's stock worth $124,000 after buying an additional 296 shares in the last quarter. Finally, Ossiam lifted its holdings in shares of Churchill Downs by 2,292.7% in the fourth quarter. Ossiam now owns 1,962 shares of the company's stock worth $262,000 after buying an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company's stock.

Churchill Downs Price Performance

Shares of CHDN stock traded down $0.65 during trading hours on Friday, hitting $106.39. The company had a trading volume of 556,559 shares, compared to its average volume of 745,279. The firm's fifty day moving average is $101.95 and its 200 day moving average is $107.15. Churchill Downs, Incorporated has a 12 month low of $85.58 and a 12 month high of $150.21. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.06 and a beta of 0.95. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.60 and a current ratio of 0.60.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.10 EPS for the quarter, topping the consensus estimate of $3.03 by $0.07. Churchill Downs had a return on equity of 41.46% and a net margin of 15.22%. The business had revenue of $934.40 million for the quarter, compared to the consensus estimate of $924.36 million. During the same quarter last year, the business posted $2.89 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Churchill Downs, Incorporated will post 6.92 EPS for the current fiscal year.

Insider Activity at Churchill Downs

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JMP Securities lowered their price objective on Churchill Downs from $144.00 to $138.00 and set a "market outperform" rating for the company in a research note on Tuesday, May 27th. Stifel Nicolaus lifted their target price on Churchill Downs from $130.00 to $133.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Susquehanna increased their target price on shares of Churchill Downs from $121.00 to $126.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Barclays increased their target price on shares of Churchill Downs from $127.00 to $131.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Mizuho lifted their target price on Churchill Downs from $134.00 to $136.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Churchill Downs presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.18.

Churchill Downs Company 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.