Today’s Stock On Watch: Is Churchill Downs Incorporated (NASDAQ:CHDN) a Buy? The Stock Reported Less Sellers

November 29, 2016 - By Linda Rogers   ·   0 Comments

Today's Stock On Watch: Is Churchill Downs Incorporated (NASDAQ:CHDN) a Buy? The Stock Reported Less Sellers

The stock of Churchill Downs Incorporated (NASDAQ:CHDN) registered a decrease of 33.45% in short interest. CHDN’s total short interest was 955,100 shares in November as published by FINRA. Its down 33.45% from 1.44M shares, reported previously. With 95,000 shares average volume, it will take short sellers 10 days to cover their CHDN’s short positions. The short interest to Churchill Downs Incorporated’s float is 13.31%. About 3,897 shares traded hands. Churchill Downs, Inc. (NASDAQ:CHDN) has risen 6.74% since April 26, 2016 and is uptrending. It has outperformed by 1.48% the S&P500.

Churchill Downs Incorporated is a racing, gaming and online entertainment company. The company has a market cap of $2.59 billion. The Firm operates in six divisions: Racing, Casinos, TwinSpires, Big Fish Games, Inc. , Other Investments and Corporate. It has a 29.83 P/E ratio. The racing segment includes its four trace tracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course.

Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.35, from 1.2 in 2016Q1. The ratio is positive, as 28 funds sold all Churchill Downs, Inc. shares owned while 38 reduced positions. 24 funds bought stakes while 55 increased positions. They now own 11.39 million shares or 3.26% more from 11.03 million shares in 2016Q1.
Parthenon Ltd Company owns 30,205 shares or 0.96% of their US portfolio. The New York-based D E Shaw Incorporated has invested 0.02% in Churchill Downs, Inc. (NASDAQ:CHDN). Credit Agricole S A, a France-based fund reported 18,200 shares. Asset Mgmt owns 6,401 shares or 0.01% of their US portfolio. Three Bays Cap L P has 10.7% invested in the company for 1.63M shares. Art Advsr Ltd Liability Com, a New York-based fund reported 14,738 shares. Eulav Asset, a New York-based fund reported 13,300 shares. Creative Planning last reported 0% of its portfolio in the stock. Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in Churchill Downs, Inc. (NASDAQ:CHDN) for 7,340 shares. Ubs Asset Management Americas Inc has 0% invested in the company for 5,009 shares. Price T Rowe Associate Inc Md owns 157,402 shares or 0% of their US portfolio. The New Jersey-based Bessemer Grp Incorporated has invested 0% in Churchill Downs, Inc. (NASDAQ:CHDN). California Pub Employees Retirement Sys last reported 34,100 shares in the company. State Treasurer State Of Michigan holds 0% of its portfolio in Churchill Downs, Inc. (NASDAQ:CHDN) for 4,800 shares. Blackrock Fund Advisors owns 638,771 shares or 0.02% of their US portfolio.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 6 selling transactions for $6.03 million net activity. $737,500 worth of Churchill Downs, Inc. (NASDAQ:CHDN) was sold by Evans Robert L on Thursday, August 18.

Churchill Downs, Inc. (NASDAQ:CHDN) Ratings Coverage

Out of 4 analysts covering Churchill Downs (NASDAQ:CHDN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Churchill Downs has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Imperial Capital maintained it with “Outperform” rating and $165 target price in Friday, October 14 report. The firm has “Neutral” rating by JP Morgan given on Thursday, September 22. Telsey Advisory Group maintained Churchill Downs, Inc. (NASDAQ:CHDN) rating on Friday, August 5. Telsey Advisory Group has “Outperform” rating and $176 price target. The stock of Churchill Downs, Inc. (NASDAQ:CHDN) has “Outperform” rating given on Monday, September 14 by Imperial Capital. The firm has “Buy” rating by Hilliard Lyons given on Friday, May 6. The firm has “Outperform” rating given on Friday, February 26 by Telsey Advisory Group. The company was maintained on Monday, October 31 by Telsey Advisory Group.

CHDN Company Profile

Churchill Downs Incorporated, incorporated on February 17, 1937, is a racing, gaming and online entertainment company. The Firm is engaged in brick-and-mortar casino gaming with approximately 8,500 gaming positions in over six states, and is a legal online account wagering platform for horseracing in the United States. It operates in six divisions: Racing, Casinos, TwinSpires, Big Fish Games, Inc. (Big Fish Games), Other Investments and Corporate. It is a diversified well-known provider of casino gaming, online account wagering on horse racing, and pari-mutuel horse racing. The Firm is a producer and distributor of online and mobile casual games.

More recent Churchill Downs, Inc. (NASDAQ:CHDN) news were published by: Fool.com which released: “Why Churchill Downs Inc. Stock Jumped 14% Last Month” on September 12, 2016. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Cooper Tire & Rubber, Churchill Downs and DeVry …” on November 28, 2016. Bizjournals.com‘s news article titled: “Churchill Downs Inc. just sold land at one of its racetracks for $26.5 million” with publication date: November 09, 2016 was also an interesting one.

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By Linda Rogers


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