AlphaCrest Capital Management LLC Has $443,000 Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

AlphaCrest Capital Management LLC boosted its position in Churchill Downs Incorporated (NASDAQ:CHDN) by 57.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,233 shares of the company’s stock after acquiring an additional 817 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Churchill Downs were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of CHDN. Capital Analysts LLC acquired a new stake in Churchill Downs in the 1st quarter worth $68,000. Marshall Wace North America L.P. grew its position in Churchill Downs by 200.0% in the 1st quarter. Marshall Wace North America L.P. now owns 780 shares of the company’s stock worth $70,000 after purchasing an additional 520 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Churchill Downs by 23.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 370 shares of the company’s stock worth $84,000 after purchasing an additional 71 shares during the last quarter. Fifth Third Bancorp grew its position in Churchill Downs by 28.1% in the 2nd quarter. Fifth Third Bancorp now owns 671 shares of the company’s stock worth $133,000 after purchasing an additional 147 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in Churchill Downs in the 2nd quarter worth $162,000. Institutional investors and hedge funds own 71.05% of the company’s stock.

In related news, SVP Austin W. Miller sold 5,600 shares of Churchill Downs stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $225.24, for a total transaction of $1,261,344.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.28% of the company’s stock.

Several analysts have issued reports on CHDN shares. TheStreet upgraded shares of Churchill Downs from a “c” rating to a “b” rating in a research report on Tuesday, August 3rd. Jefferies Financial Group lifted their target price on shares of Churchill Downs from $244.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, July 30th. They noted that the move was a valuation call. KeyCorp lifted their target price on shares of Churchill Downs from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, October 6th. Macquarie started coverage on shares of Churchill Downs in a research report on Friday, June 18th. They set an “outperform” rating and a $254.00 target price on the stock. Finally, Wells Fargo & Company started coverage on shares of Churchill Downs in a research report on Tuesday, September 14th. They set an “overweight” rating and a $255.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Churchill Downs has an average rating of “Buy” and a consensus target price of $257.50.

Shares of CHDN stock opened at $250.36 on Thursday. Churchill Downs Incorporated has a 12-month low of $147.06 and a 12-month high of $258.32. The company has a market capitalization of $9.64 billion, a P/E ratio of 48.33 and a beta of 1.36. The firm has a 50-day moving average price of $218.67 and a 200 day moving average price of $207.74. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 6.18.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings results on Tuesday, July 27th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.40. Churchill Downs had a net margin of 14.06% and a return on equity of 67.11%. The firm had revenue of $515.10 million during the quarter, compared to the consensus estimate of $472.15 million. As a group, research analysts expect that Churchill Downs Incorporated will post 6.21 earnings per share for the current year.

Churchill Downs Profile

Churchill Downs, Inc operates as a provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course.

Featured Story: What is dividend yield?

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:CHDN).

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.