Speedway Motorsports (TRK) Reaches New 12-Month Low at $13.47

Share on StockTwits

Speedway Motorsports, Inc. (NYSE:TRK) hit a new 52-week low during trading on Monday . The stock traded as low as $13.47 and last traded at $13.56, with a volume of 167 shares trading hands. The stock had previously closed at $13.75.

A number of research firms have issued reports on TRK. TheStreet upgraded shares of Speedway Motorsports from a “c+” rating to a “b” rating in a research report on Monday, February 4th. ValuEngine upgraded shares of Speedway Motorsports from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Speedway Motorsports from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd.

The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $561.12 million, a PE ratio of 13.94, a P/E/G ratio of -7.24 and a beta of 0.93.

Speedway Motorsports (NYSE:TRK) last released its earnings results on Wednesday, March 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Speedway Motorsports had a return on equity of 4.42% and a net margin of 8.94%. The company had revenue of $56.36 million during the quarter. On average, sell-side analysts expect that Speedway Motorsports, Inc. will post 0.95 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Speedway Motorsports by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,239,340 shares of the company’s stock worth $57,821,000 after buying an additional 17,240 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Speedway Motorsports by 18.5% during the 4th quarter. First Trust Advisors LP now owns 20,610 shares of the company’s stock worth $335,000 after purchasing an additional 3,216 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Speedway Motorsports by 186.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,827 shares of the company’s stock worth $30,000 after purchasing an additional 1,190 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Speedway Motorsports by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 291,454 shares of the company’s stock worth $5,203,000 after purchasing an additional 9,134 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Speedway Motorsports by 97.4% during the 4th quarter. Bessemer Group Inc. now owns 7,500 shares of the company’s stock worth $122,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 22.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Speedway Motorsports (TRK) Reaches New 12-Month Low at $13.47” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/4314561/speedway-motorsports-trk-reaches-new-12-month-low-at-13-47.html.

About Speedway Motorsports (NYSE:TRK)

Speedway Motorsports, Inc, through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities.

Featured Article: What is a trade deficit?

Receive News & Ratings for Speedway Motorsports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Speedway Motorsports and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mawson Resources  Sets New 1-Year Low at $0.17
Mawson Resources Sets New 1-Year Low at $0.17
Weekly Investment Analysts’ Ratings Changes for Canadian Tire
Weekly Investment Analysts’ Ratings Changes for Canadian Tire
Piedmont Investment Advisors Inc. Has $7.23 Million Holdings in Regeneron Pharmaceuticals Inc
Piedmont Investment Advisors Inc. Has $7.23 Million Holdings in Regeneron Pharmaceuticals Inc
AerCap Holdings  Shares Sold by Mraz Amerine & Associates Inc.
AerCap Holdings Shares Sold by Mraz Amerine & Associates Inc.
Old Republic International Co.  Shares Sold by LSV Asset Management
Old Republic International Co. Shares Sold by LSV Asset Management
Oregon Public Employees Retirement Fund Reduces Holdings in Public Service Enterprise Group Inc.
Oregon Public Employees Retirement Fund Reduces Holdings in Public Service Enterprise Group Inc.


© 2006-2019 Ticker Report