New York State Common Retirement Fund Sells 7,303 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

New York State Common Retirement Fund cut its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDN - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,436 shares of the company's stock after selling 7,303 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Churchill Downs worth $8,020,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CHDN. Covestor Ltd lifted its holdings in Churchill Downs by 44.0% in the third quarter. Covestor Ltd now owns 848 shares of the company's stock valued at $98,000 after acquiring an additional 259 shares during the period. Fifth Third Bancorp lifted its holdings in Churchill Downs by 15.1% in the fourth quarter. Fifth Third Bancorp now owns 1,437 shares of the company's stock valued at $194,000 after acquiring an additional 189 shares during the period. Total Clarity Wealth Management Inc. bought a new position in Churchill Downs in the third quarter valued at about $208,000. ARS Wealth Advisors Group LLC bought a new position in Churchill Downs in the third quarter valued at about $209,000. Finally, Pathstone Family Office LLC lifted its holdings in Churchill Downs by 35.6% in the third quarter. Pathstone Family Office LLC now owns 1,824 shares of the company's stock valued at $212,000 after acquiring an additional 479 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Churchill Downs news, Director Paul C. Varga bought 3,800 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $130.22 per share, for a total transaction of $494,836.00. Following the purchase, the director now directly owns 28,902 shares in the company, valued at $3,763,618.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.13% of the stock is owned by company insiders.

Churchill Downs Stock Up 0.7 %

NASDAQ CHDN traded up $0.91 on Friday, reaching $134.02. 497,864 shares of the stock traded hands, compared to its average volume of 402,775. The company has a debt-to-equity ratio of 5.88, a quick ratio of 0.50 and a current ratio of 0.50. The company has a fifty day moving average price of $120.99 and a 200-day moving average price of $121.29. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 3.69 and a beta of 0.99. Churchill Downs Incorporated has a 12 month low of $106.45 and a 12 month high of $148.61.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.78 by $0.35. The firm had revenue of $590.90 million during the quarter, compared to analyst estimates of $565.41 million. Churchill Downs had a return on equity of 44.99% and a net margin of 13.72%. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. As a group, research analysts forecast that Churchill Downs Incorporated will post 5.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CHDN shares. Mizuho raised their price objective on Churchill Downs from $142.00 to $143.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Stifel Nicolaus raised their price objective on Churchill Downs from $150.00 to $153.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Truist Financial raised their price objective on Churchill Downs from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 price objective on shares of Churchill Downs in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company raised Churchill Downs from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $137.00 to $141.00 in a research note on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Churchill Downs has a consensus rating of "Moderate Buy" and a consensus price target of $144.50.

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; and casino gaming.