BidaskClub Upgrades Speedway Motorsports, Inc. (NYSE:TRK) to Hold

Barsaba Taglieri
Luglio 25, 2017

The ratio has improved, as 38 hedge funds opened new or increased stock positions, while 28 trimmed and sold stock positions in Speedway Motorsports Inc. Speedway Motorsports, Inc. (NYSE:TRK) has risen 1.18% since July 24, 2016 and is uptrending.

Stock market analysts and brokers have recently amended their target prices on shares of Speedway Motorsports, Inc.

Speedway Motorsports Inc (NYSE:TRK) institutional sentiment increased to 1.36 in Q4 2016. The stock has a market cap of $758.86 million, a PE ratio of 20.74 and a beta of 0.80. Two Sigma Investments LP purchased a new position in Speedway Motorsports during the fourth quarter valued at about $536,000. Renaissance Technologies LLC now owns 302,500 shares of the company's stock worth $6,555,000 after buying an additional 41,600 shares in the last quarter.

The share price of Speedway Motorsports, Inc. Citadel Advisors LLC bought a new position in Speedway Motorsports during the first quarter worth approximately $433,000. State Street Corp now owns 259,737 shares of the company's stock worth $5,629,000 after buying an additional 8,819 shares in the last quarter. Goldman Sachs Group Inc. now owns 31,063 shares of the company's stock worth $585,000 after buying an additional 11,665 shares during the period. North Star Investment Management Corp. boosted its position in Speedway Motorsports by 107.8% in the first quarter. The company had a trading volume of 43,908 shares. The company's 50 day moving average is $18.12 and its 200 day moving average is $19.25. After $0.02 actual EPS reported by Speedway Motorsports, Inc. for the previous quarter, Wall Street now forecasts 3,050.00 % EPS growth. Speedway Motorsports, Inc. has a 52-week low of 16.62 and a 52-week high of 22.28. Speedway Motorsports had a net margin of 7.22% and a return on equity of 4.94%. (NYSE:TRK) news were published by: Seekingalpha.com which released: "Speedway Motorsports' (TRK) CEO Marcus Smith on Q1 2017 Results - Earnings ..." on April 26, 2017, also Finance.Yahoo.com with their article: "Speedway Motorsports, Inc". The firm had revenue of $80.33 million during the quarter. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.25%. On average, equities research analysts expect that Speedway Motorsports will post $0.94 EPS for the current year. BidaskClub cut shares of Speedway Motorsports from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. Macquarie raised shares of Speedway Motorsports from an "underperform" rating to a "neutral" rating in a research report on Friday, May 5th. They noted that the move was a valuation call. "(NYSE:TRK) Rating Lowered to Sell at Zacks Investment Research" was first posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark law. The correct version of this piece can be read at https://sportsperspectives.com/2017/07/24/neuberger-berman-group-llc-has-537000-position-in-speedway-motorsports-inc-trk-updated-updated.html.

TRK has been the topic of several recent research reports. TheStreet downgraded shares of Speedway Motorsports from a "b-" rating to a "c+" rating in a research note on Tuesday, May 23rd.

Speedway Motorsports, Inc., through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States.

03/06/2014 - Speedway Motorsports, Inc. was downgraded to "hold" by analysts at EVA Dimensions. The Company's operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.

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