Churchill Downs, Incorporated $CHDN Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,767 shares of the company’s stock after selling 5,155 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Churchill Downs were worth $2,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CHDN. AQR Capital Management LLC increased its position in shares of Churchill Downs by 29.8% during the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company’s stock worth $373,000 after purchasing an additional 784 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Churchill Downs by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company’s stock worth $53,675,000 after buying an additional 121,204 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Churchill Downs by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company’s stock valued at $25,080,000 after buying an additional 15,161 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock worth $28,000 after buying an additional 232 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Churchill Downs during the 2nd quarter valued at about $229,000. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Wall Street Analyst Weigh In

CHDN has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Churchill Downs from $130.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Macquarie reiterated an “outperform” rating and set a $155.00 price objective on shares of Churchill Downs in a research report on Friday, October 24th. Citizens Jmp boosted their price objective on Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 14th. Citigroup restated an “outperform” rating on shares of Churchill Downs in a report on Wednesday, January 14th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $125.00 price target (up previously from $115.00) on shares of Churchill Downs in a report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $135.36.

Churchill Downs Price Performance

CHDN stock opened at $98.36 on Friday. Churchill Downs, Incorporated has a 52-week low of $85.58 and a 52-week high of $125.87. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.87. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68. The business has a fifty day moving average of $110.06 and a two-hundred day moving average of $103.69.

Churchill Downs Company Profile

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.