Churchill Downs, Inc. (CHDN) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its stake in Churchill Downs, Inc. (NASDAQ:CHDN) by 44.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,166 shares of the company’s stock after selling 36,839 shares during the period. Deutsche Bank AG’s holdings in Churchill Downs were worth $11,261,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHDN. Geode Capital Management LLC increased its holdings in shares of Churchill Downs by 12.2% in the 4th quarter. Geode Capital Management LLC now owns 150,430 shares of the company’s stock valued at $36,695,000 after purchasing an additional 16,314 shares in the last quarter. Norges Bank purchased a new position in shares of Churchill Downs in the 4th quarter valued at about $28,815,000. Advisory Services Network LLC purchased a new position in shares of Churchill Downs in the 4th quarter valued at about $37,000. Amalgamated Bank increased its holdings in shares of Churchill Downs by 137.8% in the 4th quarter. Amalgamated Bank now owns 1,886 shares of the company’s stock valued at $460,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Churchill Downs by 5.8% in the 4th quarter. Legal & General Group Plc now owns 12,359 shares of the company’s stock valued at $3,015,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 24.44% of the company’s stock.

In other Churchill Downs news, Director Karole Lloyd bought 1,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of $85.22 per share, for a total transaction of $85,220.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 13.05% of the company’s stock.

CHDN has been the subject of several recent research reports. ValuEngine upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BidaskClub upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Investment Research downgraded shares of Churchill Downs from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $101.42.

NASDAQ:CHDN opened at $93.45 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.86. Churchill Downs, Inc. has a twelve month low of $74.58 and a twelve month high of $104.87. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.

Churchill Downs (NASDAQ:CHDN) last posted its earnings results on Wednesday, February 27th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Churchill Downs had a net margin of 34.97% and a return on equity of 33.95%. The firm had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.67 million. During the same period last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, research analysts forecast that Churchill Downs, Inc. will post 4.6 EPS for the current year.

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Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Churchill Downs (NASDAQ:CHDN)

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