Soros increased the size of his position in Churchill Downs, Inc. (NASDAQ:CHDN) by 28% between October and December to a total of about 550,000 shares. The owner of horse racing tracks- which also often offer gaming facilities- experienced a small increase in revenue in its last quarterly report compared to the fourth quarter of 2011, but net income fell significantly. With the stock trading at 21 times trailing earnings it doesn’t look like a good buy at this time. GAMCO Investors, which is run by billionaire Mario Gabelli, owned about 850,000 shares at the beginning of this year (research more stocks GAMCO owns).
The filing disclosed ownership of 1.2 million shares of Aspen Technology, Inc. (NASDAQ:AZPN), a $2.7 billion market cap provider of enterprise software which helps companies design industrial products and manage supply chains. Recent growth has been strong, with sales rising 16% in its most recent quarter compared to the same period in the previous year and earnings doubling. However, investors are already pricing in higher growth. Consensus estimates for the fiscal year ending in June 2014 imply a forward P/E of 54. Alkeon Capital Management was another major shareholder of Aspen Technology, Inc. (NASDAQ:AZPN) (see more stocks Alkeon likes).
Disclosure: I own no shares of any stocks mentioned in this article.