A Director at Churchill Downs Inc. (NASDAQ: CHDN) is Selling Shares

By George MacDonald

Today, a Director at Churchill Downs Inc. (NASDAQ: CHDN), Robert L. Evans, sold shares of CHDN for $2.18M.

Following Robert L. Evans’ last CHDN Sell transaction on October 02, 2015, the stock climbed by 12.1%. In addition to Robert L. Evans, 3 other CHDN executives reported Sell trades in the last month.

Based on Churchill Downs Inc.`s latest earnings report from December 31, the company posted quarterly revenue of $255.8M and quarterly net profit of $7.51M. In comparison, last year the company earned revenue of $250.9M and had a GAAP net loss of $1.56M. The company has a one year high of $151.79 and a one year low of $111.06. CHDN’s market cap is $2.45B and the company has a P/E ratio of 40.06%.

Looking at blogger coverage of CHDN, there is a 60% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Service sector.

Over the last 3 months, the insider sentiment on Churchill Downs Inc. has been negative based on 13 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Churchill Downs, Inc. operates as a diversified provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It also produces and distributes online and mobile casual games. The company operates through five segments: Racing, Casinos, TwinSpires, Big Fish Games and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow’s Casino Resort & Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The TwinSpires segment is licensed as a multi-jurisdictional simulcasting and interactive wagering hub in the state of Oregon. The Big Fish Games segment is a producer of premium paid, casual free-to-play and casino-style games for PCs and mobile devices. The Others Investment segment includes United Tote Company and United Tote Canada, Capital View Casino & Resort, Bluff Media and other minor investments. Churchill Downs was founded in 1875 and is headquartered in Louisville, KY.