Edwards Lifesciences Com (EW) Holder Appleton Partners Boosted Holding by $304,410; Churchill Downs (CHDN) Shareholder Arrowstreet Capital Limited Partnership Has Trimmed Its Position by $8.64 Million

August 10, 2018 - By Billy Entrekin

Edwards Lifesciences Corporation (NYSE:EW) Logo

Arrowstreet Capital Limited Partnership decreased its stake in Churchill Downs Inc (CHDN) by 25.15% based on its latest 2018Q1 regulatory filing with the SEC. Arrowstreet Capital Limited Partnership sold 35,407 shares as the company’s stock rose 18.26% while stock markets declined. The institutional investor held 105,391 shares of the consumer services company at the end of 2018Q1, valued at $25.72M, down from 140,798 at the end of the previous reported quarter. Arrowstreet Capital Limited Partnership who had been investing in Churchill Downs Inc for a number of months, seems to be less bullish one the $3.73 billion market cap company. The stock decreased 0.67% or $1.9 during the last trading session, reaching $281.4. About 33,338 shares traded. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 82.23% since August 10, 2017 and is uptrending. It has outperformed by 69.66% the S&P500. Some Historical CHDN News: 26/04/2018 – ARISTOCRAT REFERS TO FILING MADE BY CHURCHILL DOWNS ON KATER; 08/05/2018 – ELDORADO RESORTS – ON MAY 7, CO, CHURCHILL DOWNS GOT ADDITIONAL INFORMATION & DOCUMENTARY MATERIALS REQUEST FROM FTC; 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; 24/04/2018 – CHURCHILL DOWNS REPORTS ALEX RANKIN AS CHAIRMAN & KAROLE LLOYD; 16/05/2018 – Churchill Downs Incorporated Announces Agreement With Golden Nugget to Enter New Jersey Real Money Online Gaming and Sports Be; 07/05/2018 – Briefing.com: $CHDN: Churchill Downs reports all-sources on the Kentucky Derby Day program totaled $225.7 million, an 8%; 08/05/2018 – ELDORADO RESORTS SAYS FTC REQUEST IN CONNECTION WITH FTC’S REVIEW OF LADY LUCK VICKSBURG TRANSACTION – SEC FILING; 28/03/2018 – Churchill Downs Announces Official Menu Of The 144th Kentucky Derby┬«; 25/04/2018 – Churchill Downs 1Q EPS $12.55; 14/05/2018 – Gaming investors eye jackpot from U.S. sports betting ruling

Appleton Partners Inc increased its stake in Edwards Lifesciences Corp Com (EW) by 17.8% based on its latest 2018Q1 regulatory filing with the SEC. Appleton Partners Inc bought 2,190 shares as the company’s stock declined 0.56% with the market. The institutional investor held 14,495 shares of the industrial specialties company at the end of 2018Q1, valued at $2.02M, up from 12,305 at the end of the previous reported quarter. Appleton Partners Inc who had been investing in Edwards Lifesciences Corp Com for a number of months, seems to be bullish on the $29.14B market cap company. The stock decreased 0.39% or $0.55 during the last trading session, reaching $139.15. About 1.03 million shares traded. Edwards Lifesciences Corporation (NYSE:EW) has risen 19.08% since August 10, 2017 and is uptrending. It has outperformed by 6.51% the S&P500. Some Historical EW News: 01/05/2018 – EDWARDS LIFESCIENCES IN ACCELERATED SHARE BUYBACK PACT; 24/04/2018 – Edwards Lifesciences Sees 2Q Adj EPS $1.05-Adj EPS $1.15; 20/04/2018 – Edwards Lifesciences is simplifying heart surgery, and it’s a buy by @JimCramer’s standards; 22/05/2018 – EDWARDS LIFESCIENCES – EDWARDS SAPIEN 3 VALVE DATA DEMONSTRATED CONSISTENCY WITH THOSE RESULTS ACHIEVED IN EARLIER CONTROLLED CLINICAL TRIALS; 28/03/2018 – BOSTON SCIENTIFIC PREVAILS IN U.K. EDWARDS LIFESCIENCES LITIGAT; 30/04/2018 – Edwards Granted CE Mark For First Transcatheter Tricuspid Therapy; 24/04/2018 – EDWARDS LIFESCIENCES – QTRLY TRANSCATHETER HEART VALVE THERAPY SALES OF $551.6 MLN, UP 2.3 PCT; 16/04/2018 – Boston Scientific Prevails In European Patent Dispute With Edwards Lifesciences; 01/05/2018 – Correction to Stock Symbol for Press Release: S&PGR Rates Edwards Lifesciences’ Sr Unsecured Debt ‘BBB-‘; 21/03/2018 – EDWARDS LIFESCIENCES – NOW EXPECTS THAT EUROPEAN LAUNCH OF SAPIEN 3 ULTRA SYSTEM WILL OCCUR LATER IN 2018

Appleton Partners Inc, which manages about $6.06B and $659.03M US Long portfolio, decreased its stake in Vanguard Tax Managed Intl Fd F (VEA) by 22,985 shares to 133,777 shares, valued at $5.92M in 2018Q1, according to the filing. It also reduced its holding in Spdr Ser Tr Ssga Us Smal Etf (SMLV) by 19,260 shares in the quarter, leaving it with 28,138 shares, and cut its stake in Spdr Series Trust S&P 400 Mdcp (MDYV).

Among 30 analysts covering Edwards Lifesciences Corp (NYSE:EW), 22 have Buy rating, 1 Sell and 7 Hold. Therefore 73% are positive. Edwards Lifesciences Corp had 117 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Edwards Lifesciences Corporation (NYSE:EW) has “Buy” rating given on Monday, April 4 by BTIG Research. The firm earned “Neutral” rating on Friday, January 8 by SunTrust. The rating was downgraded by BTIG Research on Thursday, February 2 to “Neutral”. Jefferies maintained it with “Buy” rating and $11500 target in Friday, May 26 report. The firm has “Buy” rating given on Thursday, June 29 by Jefferies. Cowen & Co maintained it with “Buy” rating and $135.0 target in Friday, December 8 report. The stock of Edwards Lifesciences Corporation (NYSE:EW) has “Outperform” rating given on Wednesday, April 26 by RBC Capital Markets. Stifel Nicolaus maintained Edwards Lifesciences Corporation (NYSE:EW) rating on Thursday, February 1. Stifel Nicolaus has “Buy” rating and $155.0 target. The firm has “Buy” rating given on Wednesday, February 3 by Canaccord Genuity. The stock of Edwards Lifesciences Corporation (NYSE:EW) has “Buy” rating given on Wednesday, July 27 by Bank of America.

Another recent and important Edwards Lifesciences Corporation (NYSE:EW) news was published by Ocbj.com which published an article titled: “Midday Stock Roundup” on July 27, 2018.

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: “China Blinked – Cramer’s Mad Money (7/12/18)” published on July 13, 2018, Seekingalpha.com published: “Churchill Downs announces asset swap deal” on July 16, 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.

Arrowstreet Capital Limited Partnership, which manages about $55.30 billion and $43.60 billion US Long portfolio, upped its stake in Sodastream International Ltd (NASDAQ:SODA) by 39,092 shares to 177,178 shares, valued at $16.25 million in 2018Q1, according to the filing. It also increased its holding in Darden Restaurants Inc (NYSE:DRI) by 362,165 shares in the quarter, for a total of 624,453 shares, and has risen its stake in Usana Health Sciences Inc (NYSE:USNA).

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 $22.38 million for 41.63 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.

Since March 7, 2018, it had 5 insider buys, and 1 sale for $6.49 million activity. The insider DUCHOSSOIS RICHARD L bought $500,743.

Among 5 analysts covering Churchill Downs (NASDAQ:CHDN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Churchill Downs had 10 analyst reports since September 14, 2015 according to SRatingsIntel. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) earned “Buy” rating by Hilliard Lyons on Friday, May 6. The firm earned “Outperform” rating on Monday, September 14 by Imperial Capital. The stock of Churchill Downs Incorporated (NASDAQ:CHDN) has “Neutral” rating given on Thursday, September 22 by JP Morgan. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, August 5. As per Friday, February 26, the company rating was maintained by Telsey Advisory Group. Telsey Advisory Group maintained the stock with “Outperform” rating in Monday, October 31 report. The firm has “Outperform” rating given on Friday, October 14 by Imperial Capital.

Investors sentiment decreased to 0.76 in Q1 2018. Its down 0.55, from 1.31 in 2017Q4. It fall, 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. 8,655 were reported by Sawgrass Asset Mgmt Limited Liability. Van Eck Assoc holds 0% or 2,530 shares in its portfolio. Ameritas Inv reported 0.09% stake. Morgan Stanley owns 67,117 shares. New York-based Gotham Asset Limited Company has invested 0.01% in Churchill Downs Incorporated (NASDAQ:CHDN). Pub Employees Retirement Of Ohio stated it has 1,739 shares or 0% of all its holdings. California State Teachers Retirement System has 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 20,527 shares. Acadian Asset Ltd Limited Liability Company holds 274,395 shares or 0.29% of its portfolio. Tiaa Cref Management Ltd Liability accumulated 32,656 shares. Teton Advisors Inc stated it has 27,540 shares or 0.64% of all its holdings. State Treasurer State Of Michigan stated it has 0.01% in Churchill Downs Incorporated (NASDAQ:CHDN). Jpmorgan Chase & Co, New York-based fund reported 29,826 shares. Price T Rowe Associate Inc Md accumulated 243,012 shares. Manufacturers Life The owns 0.01% invested in Churchill Downs Incorporated (NASDAQ:CHDN) for 27,714 shares. The Pennsylvania-based Emerald Mutual Fund Advisers has invested 0.25% in Churchill Downs Incorporated (NASDAQ:CHDN).

Churchill Downs Incorporated (NASDAQ:CHDN) Institutional Positions Chart

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