2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board bought a new stake in Churchill Downs Incorporated ( NASDAQ:CHDN – Free Report ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 800 shares of the company’s stock, valued at approximately $112,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Churchill Downs in the second quarter worth about $1,321,000. XTX Topco Ltd purchased a new position in shares of Churchill Downs in the 2nd quarter valued at about $889,000.
Blair William & Co. IL raised its holdings in Churchill Downs by 107.1% in the 2nd quarter.
Blair William & Co. IL now owns 8,367 shares of the company’s stock worth $1,168,000 after purchasing an additional 4,327 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Churchill Downs by 17.
7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,195 shares of the company’s stock worth $719,000 after purchasing an additional 782 shares in the last quarter. Finally, Mercer Global Advisors Inc.
ADV grew its holdings in Churchill Downs by 4.8% in the second quarter. Mercer Global Advisors Inc.
ADV now owns 2,547 shares of the company’s stock valued at $356,000 after purchasing an additional 116 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.
Churchill Downs Price Performance CHDN stock opened at $134.02 on Friday. Churchill Downs Incorporated has a 1 year low of $106.
45 and a 1 year high of $146.64. The firm has a market capitalization of $9.
85 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.
97. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.
57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $137.
75 and a 200-day simple moving average of $133.46. Analysts Set New Price Targets Several research analysts have recently weighed in on CHDN shares.
Bank of America raised Churchill Downs from a “neutral” rating to a “buy” rating and upped their target price for the stock from $145.00 to $155.00 in a research note on Monday, August 12th.
Wells Fargo & Company increased their price objective on shares of Churchill Downs from $150.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, July 26th.
Jefferies Financial Group boosted their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th.
Truist Financial reaffirmed a “buy” rating and issued a $166.00 price target (up from $165.00) on shares of Churchill Downs in a research note on Friday, July 26th.
Finally, JMP Securities boosted their price objective on Churchill Downs from $158.00 to $166.00 and gave the stock a “market outperform” rating in a research note on Friday, July 26th.
One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.90.
View Our Latest Analysis on CHDN Churchill Downs Profile ( Free Report ) 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.
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