Cypress Funds Cut Churchill Downs (CHDN) Position; Last Week Southern Copper (SCCO) Analysts

August 12, 2018 - By Kristin Houston

Southern Copper Corporation (NYSE:SCCO) Logo

Cypress Funds Llc decreased Churchill Downs Inc (CHDN) stake by 10.93% reported in 2018Q1 SEC filing. Cypress Funds Llc sold 20,000 shares as Churchill Downs Inc (CHDN)’s stock rose 18.26%. The Cypress Funds Llc holds 163,000 shares with $39.78 million value, down from 183,000 last quarter. Churchill Downs Inc now has $3.71 billion valuation. The stock decreased 0.44% or $1.25 during the last trading session, reaching $280.15. About 24,013 shares traded. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 82.23% since August 12, 2017 and is uptrending. It has outperformed by 69.66% the S&P500. Some Historical CHDN News: 16/05/2018 – Churchill Downs inks deal for online sports betting in New Jersey; 16/05/2018 – Churchill Downs Enters Strategic Partnership Pact With SBTech to Utilize Its Integrated Techn Platform for Co’s iGaming and Sports Betting Ops; 25/04/2018 – Churchill Downs 1Q Rev $189.3M; 02/05/2018 – New York Post: How Churchill Downs CEO stopped sale of Kentucky Derby; 16/05/2018 – CHDN IN PACT WITH SBTECH TO UTILIZE INTEGRATED TECH PLATFORM; 05/05/2018 – Churchill Downs, the company that owns the Kentucky Derby, is winning the race in digital growth; 28/03/2018 – Churchill Downs Announces Official Menu Of The 144th Kentucky Derby┬«; 16/05/2018 – CHURCHILL DOWNS ENTERS REAL MONEY ONLINE GAMING, SPORTS BETTING; 16/05/2018 – Churchill Downs Inc. Announces Entry Into Real Money Online Gaming and Sports Betting Markets; 24/04/2018 – Churchill Downs Announces Alex Rankin as Chairman and Karole Lloyd as a New Board Member

Among 4 analysts covering Southern Copper (NYSE:SCCO), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Southern Copper had 4 analyst reports since March 6, 2018 according to SRatingsIntel. The rating was maintained by B. Riley & Co with “Buy” on Tuesday, March 6. FBR Capital downgraded the stock to “Neutral” rating in Thursday, April 19 report. J.P. Morgan downgraded it to “Sell” rating and $4500 target in Friday, April 13 report. The firm has “Underweight” rating given on Friday, April 13 by JP Morgan. See Southern Copper Corporation (NYSE:SCCO) latest ratings:

19/04/2018 Broker: FBR Capital Old Rating: Buy New Rating: Neutral Old Target: $57 Downgrade
13/04/2018 Broker: J.P. Morgan Rating: Sell New Target: $45.0000 Downgrade
13/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
06/03/2018 Broker: B. Riley & Co Rating: Buy Old Target: $47 New Target: $57 Maintain

Since March 7, 2018, it had 5 insider purchases, and 1 insider sale for $6.49 million activity. DUCHOSSOIS RICHARD L bought 2,080 shares worth $500,542. $9.49M worth of Churchill Downs Incorporated (NASDAQ:CHDN) was sold by HARRINGTON DANIEL P.

More notable recent Churchill Downs Incorporated (NASDAQ:CHDN) news were published by: Seekingalpha.com which released: “Churchill Downs lands Derby City gaming approvals” on July 18, 2018, also Seekingalpha.com with their article: “Churchill Downs announces asset swap deal” published on July 16, 2018, Globenewswire.com published: “Churchill Downs Incorporated Reports 2018 Second Quarter Results” on August 01, 2018. More interesting news about Churchill Downs Incorporated (NASDAQ:CHDN) were released by: Seekingalpha.com and their article: “Churchill Downs, Incorporated (CHDN) CEO William Carstanjen on Q2 2018 Results – Earnings Call Transcript” published on August 04, 2018 as well as Nasdaq.com‘s news article titled: “The Powerful Trend You Can’t Afford To Ignore” with publication date: August 10, 2018.

Investors sentiment decreased to 0.76 in Q1 2018. Its down 0.55, from 1.31 in 2017Q4. It turned negative, as 15 investors sold CHDN shares while 89 reduced holdings. 31 funds opened positions while 48 raised stakes. 9.42 million shares or 14.10% less from 10.97 million shares in 2017Q4 were reported. Goldman Sachs Gru owns 49,437 shares. Three Peaks Cap Management Limited Liability Com holds 25,717 shares. Susquehanna Gru Ltd Liability Partnership invested in 0% or 1,177 shares. Kj Harrison And Prtn has 3,100 shares. Comerica Comml Bank reported 0.01% in Churchill Downs Incorporated (NASDAQ:CHDN). Citigroup Incorporated accumulated 2,025 shares. Zacks Inv Mngmt has invested 0.12% in Churchill Downs Incorporated (NASDAQ:CHDN). Moreover, Credit Suisse Ag has 0% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 17,023 shares. Arizona State Retirement System reported 0.02% in Churchill Downs Incorporated (NASDAQ:CHDN). 25,400 are held by Eulav Asset Mgmt. Federated Pa holds 0.01% in Churchill Downs Incorporated (NASDAQ:CHDN) or 15,185 shares. Systematic Financial Mngmt Lp holds 47,756 shares. Whittier Trust Company Of Nevada has 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN). Sei Investments invested 0.01% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN). Glenmede Trust Communications Na stated it has 0% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN).

Analysts await Churchill Downs Incorporated (NASDAQ:CHDN) to report earnings on November, 7. They expect $1.69 earnings per share, up 56.48% or $0.61 from last year’s $1.08 per share. CHDN’s profit will be $22.37M for 41.44 P/E if the $1.69 EPS becomes a reality. After $7.71 actual earnings per share reported by Churchill Downs Incorporated for the previous quarter, Wall Street now forecasts -78.08% negative EPS growth.

Investors sentiment increased to 1.1 in 2018 Q1. Its up 0.03, from 1.07 in 2017Q4. It increased, as 21 investors sold Southern Copper Corporation shares while 80 reduced holdings. 44 funds opened positions while 67 raised stakes. 53.48 million shares or 8.87% more from 49.13 million shares in 2017Q4 were reported. Metropolitan Life Ins Ny has invested 0% in Southern Copper Corporation (NYSE:SCCO). Legal And General Gru Public Ltd reported 526,767 shares stake. 7,370 were reported by Capital Innovations. Credit Suisse Ag reported 0.02% stake. British Columbia Invest Mgmt reported 36,600 shares. Cambridge Invest Research Advisors Incorporated holds 17,562 shares or 0.01% of its portfolio. Cornerstone Advsrs holds 0% of its portfolio in Southern Copper Corporation (NYSE:SCCO) for 131 shares. 759,012 are owned by Vanguard Group. Benjamin F Edwards And has 248 shares. Cutler Investment Counsel Ltd Liability Com accumulated 4,890 shares. Us Bancorporation De invested in 0% or 3,124 shares. Flow Traders Us Limited Liability Company invested in 4,306 shares. Bancorp Of Nova Scotia reported 255,730 shares stake. Teacher Retirement Systems Of Texas holds 0.01% of its portfolio in Southern Copper Corporation (NYSE:SCCO) for 32,954 shares. Td Asset stated it has 210,500 shares.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company has market cap of $35.03 billion. The firm is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It has a 35.21 P/E ratio. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant.

Another recent and important Southern Copper Corporation (NYSE:SCCO) news was published by Seekingalpha.com which published an article titled: “Reuters: Peru president sees lithium, uranium laws passed in six months” on August 10, 2018.

The stock decreased 0.83% or $0.38 during the last trading session, reaching $45.31. About 942,994 shares traded. Southern Copper Corporation (NYSE:SCCO) has risen 43.41% since August 12, 2017 and is uptrending. It has outperformed by 30.84% the S&P500. Some Historical SCCO News: 14/03/2018 – SOUTHERN COPPER’S OUTLOOK TO POSITIVE FROM STABLE BY MOODY’S; 26/04/2018 – SOUTHERN COPPER CFO SAYS GLOBAL DEMAND EXCEEDING EXPECTATIONS; 19/04/2018 – SOUTHERN COPPER CORP ANNOUNCES QUARTERLY DIV OF $0.30/SHARE; 22/04/2018 – DJ Southern Copper Corporation, Inst Holders, 1Q 2018 (SCCO); 25/04/2018 – SOUTHERN COPPER 1Q NET $470.7M; 26/04/2018 – SOUTHERN COPPER RESOLVED PENDING LEGAL ISSUES FOR TIA MARIA; 25/04/2018 – SOUTHERN COPPER CORP HAS RESOLVED LEGAL DISPUTE THAT HAD BLOCKED TIA MARIA COPPER PROJECT-CHIEF EXECUTIVE OSCAR GONZALEZ; 26/04/2018 – SOUTHERN COPPER: MICHIQUILLAY, CHANCAS ARE LONG-TERM PROJECTS; 14/03/2018 Moody’s Affirms Southern Copper’s Baa2 Ratings; Changes Outlook To Positive; 25/04/2018 – Southern Copper CEO says legal dispute over Tia Maria resolved

Since March 5, 2018, it had 0 buys, and 2 selling transactions for $113,300 activity. PALOMINO BONILLA LUIS MIGUEL had sold 600 shares worth $31,380. The insider Muniz Quintanilla Daniel sold 1,600 shares worth $81,920.

Churchill Downs Incorporated (NASDAQ:CHDN) Institutional Positions Chart

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