Could Churchill Downs Incorporated (NASDAQ:CHDN) Skyrocket? The Stock Has Too Many Sellers

February 24, 2018 - By Kurt Siggers

 Could Churchill Downs Incorporated (NASDAQ:CHDN) Skyrocket? The Stock Has Too Many Sellers

Investors sentiment increased to 1.82 in 2017 Q3. Its up 0.22, from 1.6 in 2017Q2. It improved, 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.
Rhumbline Advisers reported 31,737 shares. Us Fincl Bank De invested in 0% or 1,929 shares. Invesco Ltd invested 0.01% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN). 1,227 are owned by Sg Americas Secs Ltd Liability Corp. 8 are held by Cwm Limited Liability Company. Systematic Fin Management Lp stated it has 0.28% in Churchill Downs Incorporated (NASDAQ:CHDN). Numeric Invsts Ltd Co invested 0% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN). 1,019 were reported by Breton Hill Ltd. Amalgamated Savings Bank has 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 1,848 shares. Credit Suisse Ag holds 0% in Churchill Downs Incorporated (NASDAQ:CHDN) or 19,058 shares. Moreover, Vanguard Grp Inc has 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN). Victory Cap Incorporated reported 355,575 shares. Sawgrass Asset Mngmt Limited Liability accumulated 1,600 shares. Pnc Financial Gp Inc holds 0.02% or 74,730 shares in its portfolio. Moreover, Aqr Capital Mngmt Limited Liability Company has 0% invested in Churchill Downs Incorporated (NASDAQ:CHDN).

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

The stock of Churchill Downs Incorporated (NASDAQ:CHDN) registered an increase of 11.44% in short interest. CHDN’s total short interest was 1.01M shares in February as published by FINRA. Its up 11.44% from 904,700 shares, reported previously. With 125,300 shares average volume, it will take short sellers 8 days to cover their CHDN’s short positions. The short interest to Churchill Downs Incorporated’s float is 8.78%.

The stock increased 2.49% or $6.3 during the last trading session, reaching $258.9. About 361,554 shares traded or 166.21% up from the average. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 34.01% since February 24, 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 32.49 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 had 9 analyst reports since September 14, 2015 according to SRatingsIntel. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Outperform” rating by Telsey Advisory Group on Monday, October 31. Imperial Capital maintained the shares of CHDN in report on Friday, October 14 with “Outperform” rating. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Outperform” rating by Telsey Advisory Group on Friday, August 5. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) has “Outperform” rating given on Friday, February 26 by Telsey Advisory Group. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Neutral” rating by JP Morgan on Thursday, September 22. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) has “Buy” rating given on Friday, May 6 by Hilliard Lyons. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Outperform” rating by Imperial Capital on Monday, September 14.

More notable recent Churchill Downs Incorporated (NASDAQ:CHDN) news were published by: Globenewswire.com which released: “Churchill Downs Incorporated Announces Cash Tender Offer for Up to $500000000 …” on January 10, 2018, also Investorplace.com with their article: “Churchill Downs, Inc. Stock Just Cannot Seem to Lose” published on November 06, 2017, Bizjournals.com published: “Churchill Downs CEO says company will ‘continue to aggressively invest’ in Derby” on November 02, 2017. More interesting news about Churchill Downs Incorporated (NASDAQ:CHDN) were released by: Bizjournals.com and their article: “Now we know the name of Churchill Downs’ new gaming facility in Louisville” published on December 20, 2017 as well as Bizjournals.com‘s news article titled: “Churchill Downs lands state incentives for $60M gaming facility” with publication date: October 26, 2017.

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