Churchill Downs (CHDN) : Stock Yards Bank Trust Co reduced its stake in Churchill Downs by 0.73% during the most recent quarter end. The investment management company now holds a total of 6,760 shares of Churchill Downs which is valued at $961,880 after selling 50 shares in Churchill Downs , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Churchill Downs makes up approximately 0.13% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Genesee Valley Trust Co added CHDN to its portfolio by purchasing 1,368 company shares during the most recent quarter which is valued at $195,952. Churchill Downs makes up approx 0.13% of Genesee Valley Trust Co’s portfolio. Cutler Group Lp sold out all of its stake in CHDN during the most recent quarter. The investment firm sold 494 shares of CHDN which is valued $71,590. Oregon Public Employees Retirement Fund added CHDN to its portfolio by purchasing 3,532 company shares during the most recent quarter which is valued at $511,857. Churchill Downs makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CHDN by selling 3,190 shares or 58.23% in the most recent quarter. The Hedge Fund company now holds 2,288 shares of CHDN which is valued at $327,298.
Churchill Downs closed down -0.1 points or -0.07% at $142.29 with 78,579 shares getting traded on Friday. Post opening the session at $143.55, the shares hit an intraday low of $141.02 and an intraday high of $143.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Churchill Downs reported $4.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.54 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.57. The company had revenue of $438.50 million for the quarter, compared to analysts expectations of $432.83 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.
Many Wall Street Analysts have commented on Churchill Downs. Company shares were Reiterated by Imperial Capital on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $145 .Churchill Downs was Initiated by JP Morgan to “Neutral” on Sep 22, 2016. Company shares were Reiterated by Telsey Advisory Group on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 176 from a previous price target of $173 .
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing online account wagering on horseracing and casino gaming. The Company is the producers and distributors of online and mobile casual games. It operates in five segments: Racing Casinos TwinSpires Big Fish Games Inc. (Big Fish Games) and Other Investments. Its racing segment includes Churchill Downs Racetrack Arlington International Race Course Fair Grounds Race Course and Calder Race Course. Casinos segment includes Oxford Casino Riverwalk Casino Hotel and Harlows Casino Resort & Spa among others. The TwinSpires maintains computerized databases of pedigree and racing information for the thoroughbred horse industry. Big Fish Games develops casual games for Personal Computers (PCs) and mobile devices. Other Investments include Capital View Casino & Resort United Tote and Bluff Media.