William Carstanjen - Churchill Downs CEO and Director
| CHDN Stock | USD 141.83 0.04 0.03% |
CEO
Mr. William C. Carstanjen is the Chief Executive Officer, Director of Churchill Downs Incorporated. Prior to joining the Company, Mr. Carstanjen was named the Companys twelfth Chief Executive Officer in August 2014 and appointed to the Board of Directors in July 2015. Carstanjen served as CDIs President and Chief Operating Officer, CDIs Chief Operating Officer and as Executive Vice President, General Counsel and Chief Development Officer for the Company . Mr. Carstanjen joined CDI in July 2005 after serving as an executive with General Electric Company. Mr. Carstanjen began his career as an attorney with Cravath, Swaine Moore LLP in New York City, specializing in mergers and acquisitions, corporate finance and corporate governance. Mr. Carstanjen brings a wealth of experience and knowledge to his leadership role at CDI. Throughout his tenure, Mr. Carstanjen has led CDIs diversification strategy into online wagering and regional casino gaming, as well as led the growth of the Kentucky Oaks and Kentucky Derby events. since 2015.
| Age | 56 |
| Tenure | 9 years |
| Address | 600 North Hurstbourne Parkway, Louisville, KY, United States, 40222 |
| Phone | 502 636 4400 |
| Web | https://www.churchilldownsincorporated.com |
William Carstanjen Latest Insider Activity
Tracking and analyzing the buying and selling activities of William Carstanjen against Churchill Downs stock is an integral part of due diligence when investing in Churchill Downs. William Carstanjen insider activity provides valuable insight into whether Churchill Downs is net buyers or sellers over its current business cycle. Note, Churchill Downs insiders must abide by specific rules, including filing SEC forms every time they buy or sell Churchill Downs'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
William Carstanjen over two months ago Acquisition by William Carstanjen of tradable shares of Churchill Downs subject to Rule 16b-3 |
Churchill Downs Management Efficiency
The company has return on total asset (ROA) of 0.0625 % which means that it generated a profit of $0.0625 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.4137 %, meaning that it created $0.4137 on every $100 dollars invested by stockholders. Churchill Downs' management efficiency ratios could be used to measure how well Churchill Downs manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Churchill Downs' Return On Capital Employed is very stable compared to the past year. As of the 26th of November 2024, Return On Assets is likely to grow to 0.07, while Return On Tangible Assets are likely to drop 0.07. At this time, Churchill Downs' Other Assets are very stable compared to the past year. As of the 26th of November 2024, Intangibles To Total Assets is likely to grow to 0.50, though Net Tangible Assets are likely to grow to (2.2 B).Similar Executives
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Management Performance
| Return On Equity | 0.41 | ||||
| Return On Asset | 0.0625 |
Churchill Downs Leadership Team
Elected by the shareholders, the Churchill Downs' board of directors comprises two types of representatives: Churchill Downs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Churchill. The board's role is to monitor Churchill Downs' management team and ensure that shareholders' interests are well served. Churchill Downs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Churchill Downs' outside directors are responsible for providing unbiased perspectives on the board's policies.
| William Mudd, President COO | ||
| Katherine Armstrong, Senior Resources | ||
| Kaitlin Buzzetto, Director Relations | ||
| William Carstanjen, CEO and Director | ||
| Bradley Blackwell, General VP | ||
| Nate Simon, Senior CTO | ||
| Jon Rauch, VP Officer | ||
| Michael Anderson, Senior Racetrack | ||
| Nick Zangari, Investor Treasury | ||
| Tonya Abeln, Vice Communications | ||
| Maureen Adams, Executive Operations | ||
| Marcia CPA, Executive CFO | ||
| Bradley JD, General VP | ||
| Sam Ullrich, Vice Relations | ||
| Jason Sauer, Senior Development | ||
| Chad Dobson, Chief VP |
Churchill Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Churchill Downs a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.41 | ||||
| Return On Asset | 0.0625 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 15.11 B | ||||
| Shares Outstanding | 73.5 M | ||||
| Shares Owned By Insiders | 9.90 % | ||||
| Shares Owned By Institutions | 79.13 % | ||||
| Number Of Shares Shorted | 1.48 M | ||||
| Price To Earning | 16.29 X |
Pair Trading with Churchill Downs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Moving against Churchill Stock
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Dividend Share 0.382 | Earnings Share 5.53 | Revenue Per Share 35.989 | Quarterly Revenue Growth 0.098 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.