Eidelman Virant Capital cut its position in shares of Churchill Downs, Inc. (NASDAQ:CHDN) by 35.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,760 shares of the company’s stock after selling 31,900 shares during the period. Churchill Downs makes up about 3.5% of Eidelman Virant Capital’s portfolio, making the stock its 6th biggest holding. Eidelman Virant Capital owned about 0.14% of Churchill Downs worth $6,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC raised its position in Churchill Downs by 200.0% during the first quarter. Gemmer Asset Management LLC now owns 300 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in Churchill Downs during the first quarter valued at approximately $27,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Churchill Downs during the first quarter valued at approximately $27,000. FTB Advisors Inc. raised its holdings in shares of Churchill Downs by 248.0% in the first quarter. FTB Advisors Inc. now owns 355 shares of the company’s stock worth $31,000 after buying an additional 253 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Churchill Downs in the fourth quarter worth approximately $37,000. 71.72% of the stock is owned by institutional investors.

In related news, SVP Austin W. Miller sold 5,900 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $117.31, for a total value of $692,129.00. Following the transaction, the senior vice president now owns 40,494 shares of the company’s stock, valued at $4,750,351.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Alex Rankin acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $101.83 per share, for a total transaction of $50,915.00. The disclosure for this purchase can be found here. Corporate insiders own 13.05% of the company’s stock.

Several equities research analysts have recently weighed in on CHDN shares. Jefferies Financial Group increased their price target on Texas Instruments from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Telsey Advisory Group increased their price target on Churchill Downs from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, July 1st. Susquehanna Bancshares started coverage on Penn National Gaming in a report on Wednesday, July 24th. They issued a “positive” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $129.20.

Shares of NASDAQ CHDN traded up $0.42 during midday trading on Monday, hitting $120.45. The company’s stock had a trading volume of 2,913 shares, compared to its average volume of 182,460. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.22. The business’s 50 day moving average price is $115.66. Churchill Downs, Inc. has a 12-month low of $74.58 and a 12-month high of $121.53. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.43 and a beta of 1.24.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

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

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