Anti-Speedway Motorsports Inc Institutional Investors Sentiment Runs Low in 2018 Q1

September 8, 2018 - By Robert Shackelford

Speedway Motorsports, Inc. (NYSE:TRK) Logo

Sentiment for Speedway Motorsports Inc (NYSE:TRK)

Speedway Motorsports Inc (NYSE:TRK) institutional sentiment decreased to 1.16 in 2018 Q1. Its down -0.30, from 1.46 in 2017Q4. The ratio fall, as 36 active investment managers started new or increased holdings, while 31 cut down and sold their equity positions in Speedway Motorsports Inc. The active investment managers in our partner’s database now possess: 8.34 million shares, down from 8.47 million shares in 2017Q4. Also, the number of active investment managers holding Speedway Motorsports Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 25 Increased: 22 New Position: 14.

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company has market cap of $718.60 million. The firm 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. It has a 4.74 P/E ratio. As of December 31, 2016, its racing facilities included total seating capacity of approximately 784,000 with 760 luxury suites.

The stock decreased 1.29% or $0.23 during the last trading session, reaching $17.57. About 11,509 shares traded. Speedway Motorsports, Inc. (NYSE:TRK) has declined 0.87% since September 8, 2017 and is downtrending. It has underperformed by 13.44% the S&P500.

Analysts await Speedway Motorsports, Inc. (NYSE:TRK) to report earnings on October, 24. They expect $0.33 EPS, up 50.00 % or $0.11 from last year’s $0.22 per share. TRK’s profit will be $13.50 million for 13.31 P/E if the $0.33 EPS becomes a reality. After $0.75 actual EPS reported by Speedway Motorsports, Inc. for the previous quarter, Wall Street now forecasts -56.00 % negative EPS growth.

North Star Investment Management Corp. holds 0.2% of its portfolio in Speedway Motorsports, Inc. for 93,316 shares. Cornercap Investment Counsel Inc owns 35,605 shares or 0.09% of their US portfolio. Moreover, Zebra Capital Management Llc has 0.07% invested in the company for 10,415 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.05% in the stock. Brandes Investment Partners Lp, a California-based fund reported 70,833 shares.

Speedway Motorsports, Inc. (NYSE:TRK) Institutional Positions Chart

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