Cerity Partners LLC Has $424,000 Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

Cerity Partners LLC grew its stake in Churchill Downs Incorporated (NASDAQ:CHDNGet Rating) by 18.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,218 shares of the company’s stock after buying an additional 346 shares during the period. Cerity Partners LLC’s holdings in Churchill Downs were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CHDN. Park Avenue Securities LLC boosted its position in shares of Churchill Downs by 4.2% during the 1st quarter. Park Avenue Securities LLC now owns 1,430 shares of the company’s stock valued at $317,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Churchill Downs by 31.8% during the 1st quarter. SG Americas Securities LLC now owns 13,568 shares of the company’s stock valued at $3,009,000 after purchasing an additional 3,275 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Churchill Downs during the 1st quarter valued at about $129,000. Mutual of America Capital Management LLC boosted its position in shares of Churchill Downs by 2.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 30,967 shares of the company’s stock valued at $6,868,000 after purchasing an additional 596 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Churchill Downs by 22.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the company’s stock valued at $109,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 71.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CHDN has been the topic of several research analyst reports. StockNews.com initiated coverage on Churchill Downs in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company upped their target price on Churchill Downs from $255.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, October 21st.

Churchill Downs Stock Down 0.5 %

Shares of NASDAQ:CHDN opened at $222.35 on Friday. The business’s 50 day simple moving average is $201.39 and its two-hundred day simple moving average is $200.84. The firm has a market cap of $8.32 billion, a P/E ratio of 17.83 and a beta of 1.11. The company has a debt-to-equity ratio of 5.18, a quick ratio of 3.67 and a current ratio of 3.67. Churchill Downs Incorporated has a 52-week low of $172.75 and a 52-week high of $249.33.

Churchill Downs Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be issued a $0.714 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a yield of 0.36%. This is a positive change from Churchill Downs’s previous annual dividend of $0.67. Churchill Downs’s dividend payout ratio is presently 5.37%.

About Churchill Downs

(Get Rating)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.

See Also

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

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