Churchill Downs Inc Has Bullish Trade, Par Investment Partners Lp Bought Stake!

February 15, 2018 - By Migdalia James

 Churchill Downs Inc Has Bullish Trade, Par Investment Partners Lp Bought Stake!

Investors sentiment increased to 1.82 in Q3 2017. Its up 0.22, from 1.6 in 2017Q2. It is positive, as 9 investors sold Churchill Downs Incorporated shares while 46 reduced holdings. 31 funds opened positions while 69 raised stakes. 10.99 million shares or 1.12% less from 11.11 million shares in 2017Q2 were reported.

First Tru Advsr Lp invested in 0.01% or 13,565 shares. Loomis Sayles And L P has 0.05% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 108,098 shares. Moreover, Texas Permanent School Fund has 0.02% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 9,449 shares. Rk Management Ltd Llc accumulated 55,562 shares. Ing Groep Nv has 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN). Arizona State Retirement System has 7,384 shares for 0.02% of their portfolio. Deutsche Retail Bank Ag invested in 13,861 shares or 0% of the stock. Barclays Public Limited reported 4,534 shares. Rhumbline Advisers reported 31,737 shares. Wagner Bowman Corp accumulated 1,850 shares. Paloma Prtnrs Mngmt holds 1,689 shares or 0% of its portfolio. Cookson Peirce holds 0.1% or 4,525 shares in its portfolio. Parametric Assocs Ltd Liability Company reported 18,402 shares. 32,600 are held by Brant Point Limited Liability Corp. Numeric Investors Ltd Liability Com stated it has 2,200 shares.

Since August 31, 2017, it had 0 insider purchases, and 2 selling transactions for $1.97 million activity.

The New Par Investment Partners Lp Holding in Churchill Downs Inc

Par Investment Partners Lp reported SC 13G/A form with the SEC for Churchill Downs Inc. Access it here: 000119312518045368. As reported by Par Investment Partners Lp, the filler owns 5.3% or 813,165 shares of the Consumer Discretionary–company.

Churchill Downs Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Par Investment Partners Lp’s positive view for Churchill Downs Inc.

Churchill Downs Inc Institutional Sentiment

Filings show 128 investors own Churchill Downs Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9152443. 19961132 were owned by these investors. 21 funds opened new Churchill Downs Inc stakes, 48 increased positions. There were 12 that closed positions and 40 reduced them.

7 investors had the stock in their top 10. Some are: Three Bays Capital Lp, Cypress Funds Llc..

Paul Reeder And Edward Shapiro Par Capital Management Inc is an investor bullish on Churchill Downs Inc, owning 1286544 shares as of Q3 2015 for 3.63% of its portfolio. Elk Creek Partners Llc owns 163428 shares or 1.77% of its portfolio. NY Clovis Capital Management Lp have 5.26% of its portfolio for 147500 shares. Further, Three Bays Capital Lp reported stake worth 7.73% of its portfolio. The IL Balyasny Asset Management Llc owns 1010127 shares. Churchill Downs Inc is 1.00% of its portfolio.

Business Profile

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in seven states, and is a legal mobile and online platform for betting on horseracing in the United States. It operates through five segments: Racing, Casinos, TwinSpires, Other Investments and Corporate. Racing includes four racetracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course. Casinos is a provider of brick-and-mortar real-money casino gaming. TwinSpires operates mobile and online wagering business, which is a platform for betting on horseracing. Other Investments includes United Tote and Capital View Casino & Resort Joint Venture (Capital View).

SEC Form 13G.

Analysts await Churchill Downs Incorporated (NASDAQ:CHDN) to report earnings on February, 27. They expect $0.44 EPS, down 35.29 % or $0.24 from last year’s $0.68 per share. CHDN’s profit will be $6.70M for 146.99 P/E if the $0.44 EPS becomes a reality. After $1.08 actual EPS reported by Churchill Downs Incorporated for the previous quarter, Wall Street now forecasts -59.26 % negative EPS growth.

The stock increased 1.81% or $4.6 during the last trading session, reaching $258.7. About 50,404 shares traded. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 34.01% since February 15, 2017 and is uptrending. It has outperformed by 17.31% the S&P500.

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company. The company has market cap of $3.94 billion. It operates through Racing, Casinos, TwinSpires, Big Fish Games, and Other Investments divisions. It has a 32.46 P/E ratio. The firm operates racing facilities, such as Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 10 off-track betting facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.

Churchill Downs Incorporated (NASDAQ:CHDN) Ratings Coverage

Among 5 analysts covering Churchill Downs (NASDAQ:CHDN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Churchill Downs has $261 highest and $150 lowest target. $213.67’s average target is -17.41% below currents $258.7 stock price. Churchill Downs had 9 analyst reports since September 14, 2015 according to SRatingsIntel. The rating was upgraded by Hilliard Lyons on Friday, May 6 to “Buy”. On Friday, August 5 the stock rating was maintained by Telsey Advisory Group with “Outperform”. Imperial Capital maintained the stock with “Outperform” rating in Friday, October 14 report. Telsey Advisory Group maintained it with “Outperform” rating and $175 target in Friday, February 26 report. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Neutral” rating by JP Morgan on Thursday, September 22. Telsey Advisory Group maintained Churchill Downs Incorporated (NASDAQ:CHDN) on Monday, October 31 with “Outperform” rating. Imperial Capital maintained the stock with “Outperform” rating in Monday, September 14 report.

More notable recent Churchill Downs Incorporated (NASDAQ:CHDN) news were published by: Bizjournals.com which released: “Now we know the name of Churchill Downs’ new gaming facility in Louisville” on December 20, 2017, also Bizjournals.com with their article: “Churchill Downs creating nearly 100 Louisville HQ jobs by end of year” published on May 30, 2017, Investorplace.com published: “Churchill Downs, Inc. Stock Just Cannot Seem to Lose” on November 06, 2017. More interesting news about Churchill Downs Incorporated (NASDAQ:CHDN) were released by: Courier-Journal.com and their article: “Bitcoin extortion plot targeted Churchill Downs, but prosecutors and company …” published on February 09, 2018 as well as Bizjournals.com‘s news article titled: “Churchill Downs pursuing new wagering option in Kentucky” with publication date: June 20, 2017.

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