Churchill Downs Ownership
| CHDN Stock | USD 141.87 0.51 0.36% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 74.6 M | Current Value 74.6 M | Avarage Shares Outstanding 77.7 M | Quarterly Volatility 20.3 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Churchill |
Churchill Stock Ownership Analysis
About 79.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 2.58. Churchill Downs recorded earning per share (EPS) of 5.5. The entity last dividend was issued on the 6th of December 2024. The firm had 2:1 split on the 22nd of May 2023. Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky. Churchill Downs operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3800 people. For more info on Churchill Downs Incorporated please contact William Carstanjen at 502 636 4400 or go to https://www.churchilldownsincorporated.com.Besides selling stocks to institutional investors, Churchill Downs also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Churchill Downs' stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Churchill Downs' strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Churchill Downs Quarterly Liabilities And Stockholders Equity |
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Churchill Downs Insider Trades History
About 10.0% of Churchill Downs Incorporated are currently held by insiders. Unlike Churchill Downs' institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Churchill Downs' private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Churchill Downs' insider trades
Churchill Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Churchill Downs is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Churchill Downs Incorporated backward and forwards among themselves. Churchill Downs' institutional investor refers to the entity that pools money to purchase Churchill Downs' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Citadel Advisors Llc | 2024-06-30 | 1.2 M | Ameriprise Financial Inc | 2024-06-30 | 1.1 M | William Blair Investment Management, Llc | 2024-09-30 | 1.1 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1 M | Jennison Associates Llc | 2024-09-30 | 947.1 K | Hudson Way Capital Management Llc | 2024-09-30 | 924 K | Bank Of America Corp | 2024-06-30 | 764.3 K | Westfield Capital Management Company, Lp | 2024-09-30 | 763.6 K | Balyasny Asset Management Llc | 2024-06-30 | 724 K | Blackrock Inc | 2024-06-30 | 7.5 M | Vanguard Group Inc | 2024-09-30 | 6.7 M |
Churchill Downs Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Churchill Downs insiders, such as employees or executives, is commonly permitted as long as it does not rely on Churchill Downs' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Churchill Downs insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Churchill Downs' latest congressional trading
Congressional trading in companies like Churchill Downs, is subject to rigorous scrutiny to prevent conflicts of interest and insider trading. This is governed by multiple SEC regulations which were established to foster transparency and deter members of Congress from leveraging non-public information for personal gain. This oversight helps maintain public trust and ensures that investments in Churchill Downs by those in governmental positions are based on the same information available to the general public.
| 2023-05-19 | Representative Josh Gottheimer | Acquired Under $15K | Verify | ||
| 2021-09-10 | Representative Susie Lee | Acquired Under $15K | Verify | ||
| 2021-08-13 | Representative Susie Lee | Acquired Under $15K | Verify | ||
| 2020-12-08 | Representative Susie Lee | Acquired Under $15K | Verify | ||
| 2019-11-15 | Representative Gilbert Cisneros | Acquired Under $15K | Verify |
Churchill Downs Outstanding Bonds
Churchill Downs issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Churchill Downs uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Churchill bonds can be classified according to their maturity, which is the date when Churchill Downs Incorporated has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Churchill Downs 55 Corp BondUS171484AG30 | View | |
| Churchill Downs 475 Corp BondUS171484AE81 | View |
Churchill Downs Corporate Filings
F4 | 22nd of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 23rd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 14th of March 2024 Other Reports | ViewVerify |
Pair Trading with Churchill Downs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Moving against Churchill Stock
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Dividend Share 0.382 | Earnings Share 5.5 | Revenue Per Share 35.989 | Quarterly Revenue Growth 0.098 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.