Barclays PLC Sells 7,278 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Barclays PLC reduced its holdings in shares of Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,324 shares of the company’s stock after selling 7,278 shares during the period. Barclays PLC’s holdings in Churchill Downs were worth $3,635,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in Churchill Downs by 94.0% in the second quarter. Arizona State Retirement System now owns 18,925 shares of the company’s stock worth $2,634,000 after buying an additional 9,171 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Churchill Downs by 99.7% in the second quarter. New York State Teachers Retirement System now owns 62,148 shares of the company’s stock worth $8,649,000 after buying an additional 31,024 shares during the last quarter. Credit Suisse AG raised its holdings in Churchill Downs by 140.6% in the second quarter. Credit Suisse AG now owns 77,126 shares of the company’s stock worth $10,734,000 after buying an additional 45,074 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Churchill Downs in the second quarter worth about $673,000. Finally, Bank of Montreal Can purchased a new position in Churchill Downs in the second quarter worth about $1,123,000. 72.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHDN has been the subject of a number of research analyst reports. StockNews.com lowered shares of Churchill Downs from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Truist Financial reduced their price target on shares of Churchill Downs from $148.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 27th. JMP Securities lifted their price target on shares of Churchill Downs from $146.00 to $148.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 18th. Wells Fargo & Company lowered shares of Churchill Downs from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $135.00 to $137.00 in a research report on Friday, January 5th. Finally, Susquehanna cut their target price on shares of Churchill Downs from $145.00 to $138.00 and set a “positive” rating for the company in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.43.

Check Out Our Latest Stock Analysis on CHDN

Churchill Downs Stock Performance

CHDN opened at $123.75 on Monday. The firm has a market cap of $9.23 billion, a P/E ratio of 26.27 and a beta of 1.04. Churchill Downs Incorporated has a 1-year low of $106.45 and a 1-year high of $150.45. The company has a 50 day simple moving average of $125.85 and a two-hundred day simple moving average of $120.64. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.55 and a quick ratio of 0.55.

Churchill Downs Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 1st were given a $0.382 dividend. This is a positive change from Churchill Downs’s previous annual dividend of $0.36. This represents a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, November 30th. Churchill Downs’s dividend payout ratio is presently 8.07%.

Churchill Downs Company Profile

(Free Report)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming.

See Also

Want to see what other hedge funds are holding CHDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Churchill Downs Incorporated (NASDAQ:CHDNFree Report).

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

Receive News & Ratings for Churchill Downs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Churchill Downs and related companies with MarketBeat.com's FREE daily email newsletter.