Citadel Advisors LLC lifted its holdings in shares of Churchill Downs, Inc. (NASDAQ:CHDN) by 110.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,592 shares of the company’s stock after buying an additional 83,688 shares during the period. Citadel Advisors LLC’s holdings in Churchill Downs were worth $37,137,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Churchill Downs by 324.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 140,798 shares of the company’s stock worth $32,764,000 after buying an additional 107,645 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Churchill Downs by 2.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,855 shares of the company’s stock worth $1,828,000 after buying an additional 205 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Churchill Downs by 1.7% during the 4th quarter. BlackRock Inc. now owns 1,364,375 shares of the company’s stock worth $317,491,000 after buying an additional 23,081 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Churchill Downs by 26.3% during the 4th quarter. Arizona State Retirement System now owns 9,327 shares of the company’s stock worth $2,170,000 after buying an additional 1,943 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Churchill Downs by 8.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 31,269 shares of the company’s stock worth $7,276,000 after buying an additional 2,567 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.
In related news, Director Robert L. Evans sold 32,866 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $265.00, for a total value of $8,709,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.44% of the company’s stock.
Shares of Churchill Downs, Inc. (NASDAQ CHDN) opened at $263.55 on Monday. Churchill Downs, Inc. has a one year low of $141.80 and a one year high of $264.30. The stock has a market cap of $4,061.35, a PE ratio of 37.60, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.77.
Churchill Downs announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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Churchill Downs Company 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.
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