Mutual of America Capital Management LLC Sells 3,739 Shares of Churchill Downs Incorporated (NASDAQ:CHDN)

Mutual of America Capital Management LLC reduced its position in Churchill Downs Incorporated (NASDAQ:CHDNFree Report) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,474 shares of the company’s stock after selling 3,739 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Churchill Downs worth $5,045,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CHDN. National Bank of Canada FI boosted its stake in Churchill Downs by 100.0% during the second quarter. National Bank of Canada FI now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 119 shares in the last quarter. Castleview Partners LLC bought a new position in Churchill Downs during the second quarter worth $38,000. Wolff Wiese Magana LLC boosted its stake in Churchill Downs by 100.0% during the second quarter. Wolff Wiese Magana LLC now owns 300 shares of the company’s stock worth $42,000 after acquiring an additional 150 shares in the last quarter. Signaturefd LLC boosted its stake in Churchill Downs by 62.8% during the second quarter. Signaturefd LLC now owns 319 shares of the company’s stock worth $44,000 after acquiring an additional 123 shares in the last quarter. Finally, Vestor Capital LLC boosted its stake in Churchill Downs by 100.0% during the second quarter. Vestor Capital LLC now owns 332 shares of the company’s stock worth $46,000 after acquiring an additional 166 shares in the last quarter. 72.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Churchill Downs from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $135.00 to $137.00 in a research note on Friday, January 5th. StockNews.com lowered shares of Churchill Downs from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Susquehanna dropped their price objective on shares of Churchill Downs from $145.00 to $138.00 and set a “positive” rating on the stock in a research note on Thursday, October 19th. JMP Securities raised their price objective on shares of Churchill Downs from $146.00 to $148.00 and gave the company a “market outperform” rating in a research note on Thursday, January 18th. Finally, Truist Financial dropped their price objective on shares of Churchill Downs from $148.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.43.

Get Our Latest Analysis on CHDN

Churchill Downs Stock Down 1.1 %

Churchill Downs stock opened at $122.41 on Tuesday. The firm’s fifty day moving average price is $125.91 and its two-hundred day moving average price is $120.66. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 25.99 and a beta of 1.04. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 5.24. Churchill Downs Incorporated has a 1-year low of $106.45 and a 1-year high of $150.45.

Churchill Downs Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 1st were issued a $0.382 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a dividend yield of 0.35%. This is an increase from Churchill Downs’s previous annual dividend of $0.36. Churchill Downs’s dividend payout ratio is currently 8.07%.

Churchill Downs Company Profile

(Free Report)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming.

See Also

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.