Cinctive Capital Management LP Has $12.44 Million Stock Holdings in Churchill Downs, Incorporated $CHDN

Posted by on Jun 18th, 2026

Cinctive Capital Management LP lessened its stake in Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) by 44.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,296 shares of the company’s stock after selling 86,549 shares during the quarter. Cinctive Capital Management LP owned 0.16% of Churchill Downs worth $12,436,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHDN. Norges Bank bought a new stake in Churchill Downs in the fourth quarter worth approximately $90,529,000. AQR Capital Management LLC grew its position in Churchill Downs by 22,974.8% in the second quarter. AQR Capital Management LLC now owns 788,006 shares of the company’s stock worth $79,352,000 after acquiring an additional 784,591 shares in the last quarter. Alua Capital Management LP bought a new stake in Churchill Downs in the third quarter worth approximately $48,532,000. Balyasny Asset Management L.P. grew its position in Churchill Downs by 94.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,020,393 shares of the company’s stock worth $116,100,000 after acquiring an additional 494,553 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Churchill Downs by 49.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,376,402 shares of the company’s stock worth $133,525,000 after acquiring an additional 452,716 shares in the last quarter. 82.59% of the stock is owned by institutional investors.

Churchill Downs Price Performance

NASDAQ CHDN opened at $87.76 on Thursday. 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 company has a fifty day simple moving average of $89.70 and a 200 day simple moving average of $96.39. The company has a market cap of $6.12 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.59 and a beta of 0.68. Churchill Downs, Incorporated has a 1 year low of $80.24 and a 1 year high of $118.46.

Churchill Downs (NASDAQ:CHDN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.15. The business had revenue of $663.00 million during the quarter, compared to the consensus estimate of $659.32 million. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. Churchill Downs’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. On average, sell-side analysts predict that Churchill Downs, Incorporated will post 7.32 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on CHDN. Wells Fargo & Company reissued an “overweight” rating and issued a $130.00 target price (up from $124.00) on shares of Churchill Downs in a research report on Thursday, April 16th. Citizens Jmp upped their price objective on shares of Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Churchill Downs in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Churchill Downs has an average rating of “Moderate Buy” and a consensus target price of $139.00.

Read Our Latest Analysis on CHDN

Churchill Downs Company Profile

(Free Report)

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.

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

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