Churchill Downs Incorporated (NASDAQ:CHDN) Position Raised by Sei Investments Co.

Sei Investments Co. raised its position in shares of Churchill Downs Incorporated ( NASDAQ:CHDN – Free Report ) by 6.0% in the fourth quarter, HoldingsChannel.

com reports. The firm owned 41,892 shares of the company’s stock after buying an additional 2,356 shares during the period. Sei Investments Co.



’s holdings in Churchill Downs were worth $5,594,000 at the end of the most recent reporting period. Other hedge funds also recently modified their holdings of the company. Citigroup Inc.

boosted its stake in Churchill Downs by 25.3% during the third quarter. Citigroup Inc.

now owns 29,891 shares of the company’s stock valued at $4,042,000 after buying an additional 6,043 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Churchill Downs by 321.6% during the 3rd quarter.

Bank of Montreal Can now owns 57,946 shares of the company’s stock valued at $7,766,000 after purchasing an additional 44,201 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Churchill Downs by 5.0% in the 3rd quarter.

The Manufacturers Life Insurance Company now owns 61,169 shares of the company’s stock worth $8,271,000 after purchasing an additional 2,939 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Churchill Downs by 298.8% in the 3rd quarter.

BNP Paribas Financial Markets now owns 18,665 shares of the company’s stock worth $2,524,000 after purchasing an additional 13,985 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in Churchill Downs by 220.9% during the third quarter.

Walleye Capital LLC now owns 22,571 shares of the company’s stock valued at $3,052,000 after purchasing an additional 15,538 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets Several research firms have issued reports on CHDN. Stifel Nicolaus dropped their price target on Churchill Downs from $164.00 to $161.

00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company reduced their target price on Churchill Downs from $165.00 to $158.

00 and set an “overweight” rating for the company in a report on Friday, February 21st. JMP Securities reissued a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th.

Mizuho reduced their price objective on shares of Churchill Downs from $151.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th.

Finally, StockNews.com raised shares of Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company.

According to data from MarketBeat, Churchill Downs currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.38. Churchill Downs Stock Down 0.

3 % Churchill Downs stock opened at $110.72 on Wednesday. The firm’s 50 day moving average price is $117.

16 and its two-hundred day moving average price is $129.80. The firm has a market cap of $8.

14 billion, a PE ratio of 19.49, a P/E/G ratio of 2.95 and a beta of 0.

93. Churchill Downs Incorporated has a twelve month low of $105.18 and a twelve month high of $150.

21. The company has a debt-to-equity ratio of 4.47, a quick ratio of 0.

55 and a current ratio of 0.57. Churchill Downs ( NASDAQ:CHDN – Get Free Report ) last released its quarterly earnings data on Wednesday, February 19th.

The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.

06). Churchill Downs had a net margin of 15.61% and a return on equity of 43.

67%. The firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $620.

21 million. On average, research analysts predict that Churchill Downs Incorporated will post 6.92 EPS for the current fiscal year.

Churchill Downs declared that its board has authorized a stock buyback plan on Wednesday, March 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.

4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued. Churchill Downs Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.

Investors of record on Monday, March 31st will be issued a $0.06 dividend. This represents a $0.

24 dividend on an annualized basis and a yield of 0.22%. Churchill Downs’s dividend payout ratio is currently 7.

04%. About Churchill Downs ( 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; casino gaming; and Terre Haute Casino Resort. Further Reading Want to see what other hedge funds are holding CHDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Churchill Downs Incorporated ( NASDAQ:CHDN – Free Report ).

Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter ..