Churchill Downs, Inc. (NASDAQ:CHDN) saw an insider lower his position in the company today. The President of Churchill Downs International Edward James Gay disposed of 5,219 shares of common stock at an average of $97.04 per share. Following this move, Gay directly holds 43,371.9 shares. A $1.69 billion market cap corporation, Churchill Downs, Inc. (NASDAQ:CHDN) is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, and is the country’s premier source of online account wagering on horseracing events. The Company offers gaming products through its casino in Mississippi, its slot and video poker operations in Louisiana and its slot and poker operations in Florida.
In addition, there are multiple institutional investors involved in the company. Paul Reeder And Edward Shapiro‘s Par Capital Management holds nearly 1.3 million shares worth around $117.4 million; while Gamco Investors, the fund run by billionaire Mario Gabelli, holds 900,593 shares worth approximately $82 million after reporting a 2% decrease in its holdings last quarter.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.