Mutual of America Capital Management LLC Has $5.55 Million Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Mutual of America Capital Management LLC lessened its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,137 shares of the company’s stock after selling 2,337 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Churchill Downs worth $5,551,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHDN. Teachers Retirement System of The State of Kentucky lifted its holdings in Churchill Downs by 90.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,898 shares of the company’s stock valued at $2,657,000 after purchasing an additional 10,868 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Churchill Downs by 34.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,035 shares of the company’s stock valued at $17,178,000 after purchasing an additional 38,298 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Churchill Downs by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,689,337 shares of the company’s stock valued at $776,231,000 after purchasing an additional 56,318 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Churchill Downs by 15.1% during the 4th quarter. Fifth Third Bancorp now owns 1,437 shares of the company’s stock valued at $194,000 after purchasing an additional 189 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Churchill Downs by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 668,860 shares of the company’s stock valued at $77,615,000 after purchasing an additional 32,751 shares during the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Churchill Downs Stock Down 2.9 %

CHDN stock opened at $120.73 on Friday. The company has a debt-to-equity ratio of 5.34, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 22.13 and a beta of 1.03. The business’s fifty day moving average price is $119.55 and its two-hundred day moving average price is $120.14. Churchill Downs Incorporated has a fifty-two week low of $106.45 and a fifty-two week high of $150.45.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.18. Churchill Downs had a return on equity of 45.43% and a net margin of 16.95%. The company had revenue of $561.20 million for the quarter, compared to analysts’ expectations of $553.05 million. During the same quarter last year, the business earned $0.73 earnings per share. Churchill Downs’s revenue was up 16.9% on a year-over-year basis. On average, equities analysts anticipate that Churchill Downs Incorporated will post 5.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHDN has been the subject of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $137.00 price target on shares of Churchill Downs in a report on Tuesday, April 9th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Churchill Downs in a report on Wednesday. Finally, Mizuho started coverage on Churchill Downs in a research report on Tuesday, March 26th. They set a “buy” rating and a $142.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average price target of $142.63.

About Churchill Downs

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.