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

Combination Event Puts Best of East and West on Same Stage

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

Several other analysts have also commented on TRK. Norges Bank purchased a new position in Speedway Motorsports during the fourth quarter valued at about $5,317,000. First Quadrant L P CA boosted its position in Speedway Motorsports by 121.4% in the first quarter. State Street Corp increased its stake in Speedway Motorsports by 3.5% in the fourth quarter. Speedway Motorsports, Inc. (NYSE:TRK) has risen 1.18% since July 24, 2016 and is uptrending. North Star Investment Management Corp. now owns 90,540 shares of the company's stock worth $1,654,000 after buying an additional 12,300 shares during the period. (NYSE:TRK). Susquehanna Int Grp Llp has invested 0% in Speedway Motorsports, Inc. The firm has a market capitalization of $758.86 million, a price-to-earnings ratio of 20.74 and a beta of 0.80. Prudential Financial Inc. raised its stake in shares of Speedway Motorsports by 2.1% in the first quarter. Alambic Investment Management L.P. now owns 15,805 shares of the company's stock valued at $298,000 after buying an additional 6,005 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Speedway Motorsports during the fourth quarter valued at $536,000. The company had a trading volume of 43,908 shares. The firm has a 50-day moving average price of $18.07 and a 200 day moving average price of $19.32. Its all other operations consist of SMIP subsidiary non-event motorsports and non-motorsports merchandising, US Legend Cars International subsidiary (Legend Cars) non-event merchandising and sanctioning body activities, Oil-Chem micro-lubricant activities, Texas Motor Speedway (TMS) natural gas mineral rights lease and related revenues, and office rentals at certain Company speedways. Speedway Motorsports, Inc. has a 52-week low of 16.62 and a 52-week high of 22.28. Speedway Motorsports had a return on equity of 4.94% and a net margin of 7.22%. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The company had revenue of $80.33 million during the quarter. They expect $0.63 EPS, up 5.00 % or $0.03 from last year's $0.6 per share. The ex-dividend date is Friday, August 11th.

According to Zacks, "Speedway Motorsports, Inc., is a leading marketer and promoter of motorsports entertainment in the United States". This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.25%. (NYSE:TRK). Bridgeway stated it has 0.06% of its portfolio in Speedway Motorsports, Inc. "(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. Finally, Macquarie raised shares of Speedway Motorsports from an "underperform" rating to a "neutral" rating in a research note on Friday, May 5th. TheStreet downgraded shares of Speedway Motorsports from a "b-" rating to a "c+" rating in a research note on Tuesday, May 23rd. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. & global copyright and trademark law. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/07/25/speedway-motorsports-inc-nysetrk-downgraded-by-zacks-investment-research-to-sell-updated.html.

TRK has been the topic of several recent research reports.

Analysts await Speedway Motorsports, Inc.

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