XTX Topco Ltd bought a new stake in Churchill Downs Incorporated (NASDAQ:CHDN – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,369 shares of the company’s stock, valued at approximately $889,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CHDN. William Blair Investment Management LLC acquired a new position in Churchill Downs during the second quarter worth $125,418,000. Norges Bank purchased a new stake in shares of Churchill Downs in the 4th quarter worth about $94,137,000. Balyasny Asset Management L.P. grew its stake in Churchill Downs by 113.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 463,555 shares of the company’s stock valued at $62,547,000 after acquiring an additional 246,769 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Churchill Downs by 10,126.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 195,829 shares of the company’s stock valued at $27,338,000 after acquiring an additional 193,914 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Churchill Downs during the second quarter worth about $26,384,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.
Churchill Downs Price Performance
Churchill Downs stock opened at $137.68 on Friday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.04 and a beta of 0.97. Churchill Downs Incorporated has a 1 year low of $106.45 and a 1 year high of $146.64. The firm has a 50 day moving average price of $138.60 and a 200 day moving average price of $132.73.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Churchill Downs from $143.00 to $157.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Macquarie boosted their price target on Churchill Downs from $154.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price objective on Churchill Downs from $150.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their target price on shares of Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, JMP Securities lifted their price target on shares of Churchill Downs from $158.00 to $166.00 and gave the stock a “market outperform” rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.90.
View Our Latest Stock Report on Churchill Downs
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; and casino gaming.
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