Natixis Advisors LLC Buys 191,390 Shares of Churchill Downs, Incorporated $CHDN

Natixis Advisors LLC raised its stake in shares of Churchill Downs, Incorporated (NASDAQ:CHDN) by 71.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 458,801 shares of the company’s stock after purchasing an additional 191,390 shares during the period. Natixis Advisors LLC owned 0.66% of Churchill Downs worth $52,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Churchill Downs by 1,364.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after purchasing an additional 232 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Churchill Downs in the third quarter worth $25,000. TFC Financial Management Inc. bought a new stake in Churchill Downs in the fourth quarter worth $47,000. UMB Bank n.a. increased its position in Churchill Downs by 62.7% in the third quarter. UMB Bank n.a. now owns 550 shares of the company’s stock worth $53,000 after purchasing an additional 212 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Churchill Downs by 35.2% in the third quarter. Hantz Financial Services Inc. now owns 634 shares of the company’s stock worth $62,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

CHDN has been the topic of several research reports. Wells Fargo & Company restated an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Mizuho increased their price target on shares of Churchill Downs from $146.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings lowered Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Churchill Downs in a research report on Tuesday, April 21st. Finally, Citizens Jmp lifted their price target on Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research report on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.00.

Churchill Downs Trading Down 1.8%

CHDN opened at $86.00 on Thursday. The firm has a market cap of $5.99 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.58 and a beta of 0.68. Churchill Downs, Incorporated has a 12 month low of $80.24 and a 12 month high of $118.46. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.44. The stock has a 50-day moving average of $89.63 and a 200 day moving average of $97.56.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $659.32 million. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. As a group, research analysts forecast that Churchill Downs, Incorporated will post 7.32 EPS for the current year.

Churchill Downs 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.