Churchill Downs (CHDN) Touches $261.40 High on Feb, 15; XL Group Limited (XL) Sellers Decreased By 8.08% Their Shorts

February 15, 2018 - By Jan Rainey

The stock of Churchill Downs Incorporated (NASDAQ:CHDN) reached all time high today, Feb, 15 and still has $274.47 target or 5.00% above today’s $261.40 share price. This indicates more upside for the $3.98 billion company. This technical setup was reported by Barchart.com. If the $274.47 PT is reached, the company will be worth $199.10 million more. The stock increased 2.87% or $7.3 during the last trading session, reaching $261.4. About 68,681 shares traded. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 34.01% since February 15, 2017 and is uptrending. It has outperformed by 17.31% the S&P500.

XL Group Limited (NYSE:XL) had a decrease of 8.08% in short interest. XL’s SI was 15.19 million shares in February as released by FINRA. Its down 8.08% from 16.53M shares previously. With 2.13 million avg volume, 7 days are for XL Group Limited (NYSE:XL)’s short sellers to cover XL’s short positions. The stock decreased 1.26% or $0.55 during the last trading session, reaching $42.95. About 1.43 million shares traded. XL Group Ltd (NYSE:XL) has risen 21.70% since February 15, 2017 and is uptrending. It has outperformed by 5.00% the S&P500.

Analysts await Churchill Downs Incorporated (NASDAQ:CHDN) to report earnings on February, 27. They expect $0.44 earnings per share, down 35.29% or $0.24 from last year’s $0.68 per share. CHDN’s profit will be $6.70 million for 148.52 P/E if the $0.44 EPS becomes a reality. After $1.08 actual earnings per share reported by Churchill Downs Incorporated for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Investors sentiment increased to 1.82 in Q3 2017. 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. Amalgamated National Bank & Trust has invested 0.01% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN). Liberty Mutual Group Asset Mgmt holds 3,234 shares or 0.04% of its portfolio. Balyasny Asset Mgmt reported 79,381 shares. Campbell And Adviser Ltd has 0.17% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 998 shares. 1,888 are owned by Commonwealth Of Pennsylvania School Empls Retrmt. 246,303 were reported by Gamco Invsts Et Al. Tudor Invest Et Al, Connecticut-based fund reported 5,802 shares. Scopus Asset Mngmt Lp invested in 0.99% or 466,551 shares. 49,838 are held by Ajo Lp. Eagle Asset owns 69,869 shares or 0.08% of their US portfolio. Oakworth has 300 shares for 0.02% of their portfolio. Mutual Of America Management Limited Liability Corporation stated it has 0.04% in Churchill Downs Incorporated (NASDAQ:CHDN). Comml Bank Of America Corporation De invested in 22,513 shares. Barr E S & Communications accumulated 36,593 shares or 0.8% of the stock. Great West Life Assurance Can stated it has 7,861 shares.

Since August 31, 2017, it had 0 insider purchases, and 2 selling transactions for $1.97 million activity. On Thursday, August 31 Evans Robert L sold $975,000 worth of Churchill Downs Incorporated (NASDAQ:CHDN) or 5,000 shares.

Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company. The company has market cap of $3.98 billion. It operates through Racing, Casinos, TwinSpires, Big Fish Games, and Other Investments divisions. It has a 32.8 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.

Among 5 analysts covering Churchill Downs (NASDAQ:CHDN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Churchill Downs has $261 highest and $150 lowest target. $213.67’s average target is -18.26% below currents $261.4 stock price. 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 Imperial Capital on Monday, September 14. Imperial Capital maintained it with “Outperform” rating and $165 target in Friday, October 14 report. As per Friday, May 6, the company rating was upgraded by Hilliard Lyons. The rating was maintained by Telsey Advisory Group with “Outperform” on Monday, October 31. As per Friday, August 5, the company rating was maintained by Telsey Advisory Group. The rating was initiated by JP Morgan on Thursday, September 22 with “Neutral”. The firm has “Outperform” rating given on Friday, February 26 by Telsey Advisory Group.

Among 16 analysts covering XL Group Plc (NYSE:XL), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. XL Group Plc had 44 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, July 28 by JP Morgan. The firm earned “Buy” rating on Monday, October 30 by UBS. The stock of XL Group Ltd (NYSE:XL) earned “Buy” rating by RBC Capital Markets on Monday, October 2. Keefe Bruyette & Woods maintained XL Group Ltd (NYSE:XL) rating on Wednesday, October 11. Keefe Bruyette & Woods has “Buy” rating and $46.0 target. Buckingham Research initiated the shares of XL in report on Monday, September 11 with “Hold” rating. Citigroup initiated the shares of XL in report on Tuesday, November 22 with “Neutral” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, September 18. Deutsche Bank upgraded XL Group Ltd (NYSE:XL) rating on Thursday, February 8. Deutsche Bank has “Hold” rating and $32.0 target. The firm earned “Neutral” rating on Monday, January 11 by Credit Suisse. The firm has “Buy” rating by UBS given on Tuesday, September 19.

XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance firm worldwide. The company has market cap of $11.00 billion. The firm operates in two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers casualty programs comprising primary and excess casualty, environmental liability, and excess and surplus lines; energy, property, and construction insurance; professional lines, such as directorsÂ’, officersÂ’ liability, errors and omissions, employment practices, crime, fiduciary, technology, and cyber liability coverages; and specialty lines, including the aviation and satellite, marine, fine art and specie, equine, livestock and aquaculture, crisis management, political risk, trade credit and life, and accident and health insurance products.

Since December 8, 2017, it had 0 insider buys, and 5 insider sales for $5.89 million activity. The insider Vereker John KCB sold 2,697 shares worth $98,686. $780,000 worth of XL Group Ltd (NYSE:XL) was sold by Cross Susan Lee on Friday, February 2. $800,000 worth of XL Group Ltd (NYSE:XL) was sold by Robb Stephen. 35,000 shares were sold by Hendrick Gregory, worth $1.40M on Wednesday, February 7.

Investors sentiment decreased to 0.5 in Q3 2017. Its down 1.50, from 2 in 2017Q2. It fall, as 0 investors sold XL Group Ltd shares while 2 reduced holdings. 0 funds opened positions while 1 raised stakes. 50,724 shares or 20.55% less from 63,846 shares in 2017Q2 were reported. Cibc Mkts owns 37,572 shares for 0.01% of their portfolio. Gemmer Asset Mgmt Ltd Company accumulated 438 shares or 0.01% of the stock. Green Square Capital Ltd Liability holds 0.09% or 12,710 shares. Moreover, Focused Wealth Mngmt Inc has 0% invested in XL Group Ltd (NYSE:XL).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts