Amalgamated Bank Has $460,000 Stake in Churchill Downs, Inc. (CHDN)

Amalgamated Bank grew its position in Churchill Downs, Inc. (NASDAQ:CHDN) by 137.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,886 shares of the company’s stock after buying an additional 1,093 shares during the period. Amalgamated Bank’s holdings in Churchill Downs were worth $460,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CHDN. Shine Investment Advisory Services Inc. bought a new stake in Churchill Downs during the 4th quarter worth about $58,000. Flagship Harbor Advisors LLC lifted its position in Churchill Downs by 50.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 238 shares of the company’s stock worth $58,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc lifted its position in Churchill Downs by 107.8% during the 4th quarter. IFP Advisors Inc now owns 399 shares of the company’s stock worth $95,000 after buying an additional 207 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Churchill Downs by 18.4% during the 4th quarter. Bank of Montreal Can now owns 489 shares of the company’s stock worth $119,000 after purchasing an additional 76 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Churchill Downs by 119.6% during the 4th quarter. Advisor Group Inc. now owns 582 shares of the company’s stock worth $141,000 after purchasing an additional 317 shares during the last quarter. 24.88% of the stock is owned by institutional investors.

In other Churchill Downs news, Director R Alex Rankin bought 500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $101.83 per share, for a total transaction of $50,915.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karole Lloyd bought 1,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were acquired at an average price of $85.22 per share, for a total transaction of $85,220.00. The disclosure for this purchase can be found here. Corporate insiders own 13.05% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Churchill Downs from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. BidaskClub upgraded shares of Churchill Downs from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Telsey Advisory Group restated a “market perform” rating and set a $105.00 price objective (up from $93.00) on shares of Churchill Downs in a research note on Tuesday. JPMorgan Chase & Co. set a $105.00 price objective on shares of Churchill Downs and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, ValuEngine upgraded shares of Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. 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 $104.42.

CHDN traded up $1.54 on Friday, reaching $102.35. The company had a trading volume of 310,797 shares, compared to its average volume of 288,921. Churchill Downs, Inc. has a fifty-two week low of $74.58 and a fifty-two week high of $104.87. The firm has a market cap of $4.11 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.21. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.87 and a current ratio of 0.87.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.23. Churchill Downs had a net margin of 16.81% and a return on equity of 33.97%. The business had revenue of $265.40 million for the quarter, compared to analyst estimates of $250.57 million. During the same quarter in the prior year, the business earned $1.09 EPS. Churchill Downs’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, equities analysts forecast that Churchill Downs, Inc. will post 4.4 earnings per share for the current year.

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Churchill Downs 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.

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

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