Castleark Management LLC lifted its holdings in shares of Churchill Downs, Incorporated (NASDAQ:CHDN – Free Report) by 39.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 67,810 shares of the company’s stock after acquiring an additional 19,240 shares during the period. Castleark Management LLC owned approximately 0.10% of Churchill Downs worth $6,091,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in Churchill Downs by 1,364.7% in the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company’s stock valued at $28,000 after acquiring an additional 232 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Churchill Downs during the third quarter worth about $25,000. Parkside Financial Bank & Trust lifted its stake in Churchill Downs by 293.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 256 shares of the company’s stock worth $29,000 after purchasing an additional 191 shares during the period. Root Financial Partners LLC boosted its holdings in Churchill Downs by 1,173.1% during the first quarter. Root Financial Partners LLC now owns 331 shares of the company’s stock valued at $30,000 after purchasing an additional 305 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Churchill Downs during the fourth quarter valued at approximately $38,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.
Churchill Downs Stock Performance
CHDN opened at $86.50 on Monday. 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 market capitalization of $6.03 billion, a PE ratio of 16.02, a PEG ratio of 0.56 and a beta of 0.67. Churchill Downs, Incorporated has a 1-year low of $80.24 and a 1-year high of $118.35. The firm has a 50-day moving average price of $86.77 and a two-hundred day moving average price of $91.12.
Wall Street Analyst Weigh In
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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.
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