Martingale Asset Management L P Has $7,223,000 Holdings in Churchill Downs, Incorporated (CHDN)

Martingale Asset Management L P continued to hold its position in Churchill Downs, Incorporated (NASDAQ:CHDN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,403 shares of the company’s stock at the end of the second quarter. Martingale Asset Management L P owned about 0.24% of Churchill Downs, worth $7,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Alliancebernstein L.P. increased its position in Churchill Downs, by 3.3% during the second quarter. Alliancebernstein L.P. now owns 22,056 shares of the company’s stock valued at $4,043,000 after acquiring an additional 710 shares during the last quarter. JPMorgan Chase & Co. increased its position in Churchill Downs, by 22.7% during the second quarter. JPMorgan Chase & Co. now owns 23,338 shares of the company’s stock valued at $4,278,000 after acquiring an additional 4,319 shares during the last quarter. Artemis Investment Management LLP increased its position in Churchill Downs, by 25.9% during the second quarter. Artemis Investment Management LLP now owns 72,749 shares of the company’s stock valued at $13,333,000 after acquiring an additional 14,966 shares during the last quarter. Swiss National Bank increased its position in Churchill Downs, by 7.3% during the second quarter. Swiss National Bank now owns 23,500 shares of the company’s stock valued at $4,308,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Churchill Downs, during the second quarter valued at $13,663,000. Institutional investors and hedge funds own 73.84% of the company’s stock.

Churchill Downs, Incorporated (CHDN) opened at 198.30 on Tuesday. The stock has a 50 day moving average of $191.69 and a 200-day moving average of $173.47. The company has a market capitalization of $3.19 billion, a PE ratio of 27.10 and a beta of 0.88. Churchill Downs, Incorporated has a 12-month low of $131.70 and a 12-month high of $202.19.

Churchill Downs, (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.30. The firm had revenue of $451.90 million during the quarter, compared to the consensus estimate of $439.33 million. Churchill Downs, had a return on equity of 15.83% and a net margin of 9.22%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $4.11 EPS. Equities analysts expect that Churchill Downs, Incorporated will post $6.79 earnings per share for the current year.

In related news, Director Robert L. Evans sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $198.25, for a total transaction of $991,250.00. Following the completion of the sale, the director now directly owns 90,878 shares of the company’s stock, valued at approximately $18,016,563.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.44% of the stock is currently owned by company insiders.

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CHDN has been the topic of a number of analyst reports. BidaskClub upgraded shares of Churchill Downs, from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Telsey Advisory Group boosted their price objective on shares of Churchill Downs, from $180.00 to $182.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Imperial Capital reiterated a “buy” rating on shares of Churchill Downs, in a research report on Sunday, July 30th. Finally, Zacks Investment Research upgraded shares of Churchill Downs, from a “hold” rating to a “strong-buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Churchill Downs, currently has an average rating of “Buy” and an average price target of $191.25.

Churchill Downs, Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through six segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate.

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

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