Three Bays Capital LP Cut Holding in Churchill Downs (CHDN) by $103.35 Million as Share Price Rose; As Microsoft (MSFT) Stock Price Rose, Meiji Yasuda Asset Management Company LTD Has Trimmed Position by $937,550

April 23, 2018 - By Neil V. Hobbs

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Meiji Yasuda Asset Management Company Ltd decreased its stake in Microsoft Corp (MSFT) by 3.45% based on its latest 2017Q4 regulatory filing with the SEC. Meiji Yasuda Asset Management Company Ltd sold 11,030 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 308,507 shares of the prepackaged software company at the end of 2017Q4, valued at $26.39M, down from 319,537 at the end of the previous reported quarter. Meiji Yasuda Asset Management Company Ltd who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $731.48 billion market cap company. The stock decreased 1.15% or $1.11 during the last trading session, reaching $95. About 25.59M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 23, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Three Bays Capital Lp decreased its stake in Churchill Downs Inc (CHDN) by 44.55% based on its latest 2017Q4 regulatory filing with the SEC. Three Bays Capital Lp sold 445,472 shares as the company’s stock rose 7.36% while stock markets declined. The institutional investor held 554,528 shares of the consumer services company at the end of 2017Q4, valued at $129.04 million, down from 1.00 million at the end of the previous reported quarter. Three Bays Capital Lp who had been investing in Churchill Downs Inc for a number of months, seems to be less bullish one the $3.34B market cap company. The stock increased 0.44% or $1.1 during the last trading session, reaching $252.6. About 64,648 shares traded. Churchill Downs Incorporated (NASDAQ:CHDN) has risen 56.79% since April 23, 2017 and is uptrending. It has outperformed by 45.24% the S&P500.

Meiji Yasuda Asset Management Company Ltd, which manages about $1.05 billion US Long portfolio, upped its stake in Dxc Technology Co by 5,275 shares to 8,940 shares, valued at $848,000 in 2017Q4, according to the filing. It also increased its holding in Aon Plc Shs (NYSE:AON) by 3,890 shares in the quarter, for a total of 11,823 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26 after the close. They expect $0.85 EPS, up 16.44% or $0.12 from last year’s $0.73 per share. MSFT’s profit will be $6.54 billion for 27.94 P/E if the $0.85 EPS becomes a reality. After $0.96 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -11.46% negative EPS growth.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 173 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bernstein on Wednesday, November 15. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Wednesday, January 31 by Credit Suisse. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, December 20. Morgan Stanley maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, February 2. Morgan Stanley has “Overweight” rating and $110 target. As per Friday, July 21, the company rating was maintained by UBS. The stock has “Buy” rating by Nomura on Friday, February 2. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, September 13. On Tuesday, July 19 the stock rating was initiated by William Blair with “Market Perform”. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Monday, November 23 with “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Tuesday, August 22 report.

Since February 16, 2018, it had 0 buys, and 3 selling transactions for $930,912 activity.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It worsened, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Millennium Limited Liability Corporation invested in 1.76M shares. California State Teachers Retirement Sys reported 2.34% in Microsoft Corporation (NASDAQ:MSFT). 6,412 were reported by Td Capital Mngmt Ltd Liability Com. Pennsylvania stated it has 472,870 shares or 1.81% of all its holdings. Moreover, Piedmont Invest Advsrs Lc has 3.3% invested in Microsoft Corporation (NASDAQ:MSFT). Nfc Invs Limited Liability Corporation holds 3,290 shares. Cramer Rosenthal Mcglynn Limited Liability Company holds 1.49% in Microsoft Corporation (NASDAQ:MSFT) or 1.09 million shares. Friess Associates Ltd Liability Corp owns 266,000 shares for 1.88% of their portfolio. Stoneridge Partners Ltd Liability holds 124,794 shares. Main Street Rech Ltd Liability has invested 0.13% in Microsoft Corporation (NASDAQ:MSFT). Tnb Financial owns 3.07% invested in Microsoft Corporation (NASDAQ:MSFT) for 191,197 shares. West Family Investments owns 42,400 shares. Moreover, Melvin Cap Mngmt Ltd Partnership has 1.21% invested in Microsoft Corporation (NASDAQ:MSFT) for 1.49 million shares. Moreover, Ameriprise has 1.92% invested in Microsoft Corporation (NASDAQ:MSFT). Seatown Pte Limited invested in 3.01% or 372,700 shares.

Investors sentiment decreased to 1.31 in Q4 2017. Its down 0.51, from 1.82 in 2017Q3. It turned negative, as 9 investors sold CHDN shares while 65 reduced holdings. 33 funds opened positions while 64 raised stakes. 10.97 million shares or 0.18% less from 10.99 million shares in 2017Q3 were reported. Minnesota-based Ameriprise Fin has invested 0% in Churchill Downs Incorporated (NASDAQ:CHDN). 3,130 are owned by Usa Finance Portformulas. 9,327 were accumulated by Arizona State Retirement Systems. Dimensional Fund Advisors Ltd Partnership, a Texas-based fund reported 147,003 shares. Renaissance Tech Limited, a New York-based fund reported 875 shares. J Goldman Limited Partnership holds 0.17% or 13,739 shares. Tci Wealth Advsr invested in 0.03% or 250 shares. Ls Ltd invested in 0.02% or 1,147 shares. Mutual Of America Capital Mngmt Limited Com owns 10,354 shares. Cwm accumulated 0% or 8 shares. Us National Bank & Trust De holds 1,888 shares. Piedmont Invest Advsrs Lc has invested 0.02% of its portfolio in Churchill Downs Incorporated (NASDAQ:CHDN). Cypress Funds Limited stated it has 183,000 shares or 7.36% of all its holdings. Voya Invest Management Llc holds 0% in Churchill Downs Incorporated (NASDAQ:CHDN) or 6,331 shares. Jpmorgan Chase Co has invested 0% in Churchill Downs Incorporated (NASDAQ:CHDN).

Since March 7, 2018, it had 5 buys, and 1 insider sale for $6.49 million activity. DUCHOSSOIS RICHARD L also bought $500,542 worth of Churchill Downs Incorporated (NASDAQ:CHDN) shares.

Analysts await Churchill Downs Incorporated (NASDAQ:CHDN) to report earnings on April, 25. They expect $1.08 earnings per share, up 145.45% or $0.64 from last year’s $0.44 per share. CHDN’s profit will be $14.30M for 58.47 P/E if the $1.08 EPS becomes a reality. After $0.33 actual earnings per share reported by Churchill Downs Incorporated for the previous quarter, Wall Street now forecasts 227.27% EPS growth.

Churchill Downs Incorporated (NASDAQ:CHDN) Institutional Positions Chart

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