Speedway Motorsports, Inc. (NYSE:TRK) – Equities research analysts at Gabelli lowered their FY2017 earnings per share estimates for Speedway Motorsports in a report released on Friday. Gabelli analyst B. Lucas now anticipates that the company will post earnings per share of $0.95 for the year, down from their prior estimate of $0.97.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Speedway Motorsports from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, January 31st. TheStreet downgraded shares of Speedway Motorsports from a “b” rating to a “c+” rating in a research report on Wednesday, October 25th.

Speedway Motorsports (NYSE TRK) opened at $19.59 on Monday. Speedway Motorsports has a 1 year low of $16.80 and a 1 year high of $23.47. The company has a market cap of $802.56, a P/E ratio of 23.05, a P/E/G ratio of -4.88 and a beta of 1.04. The company has a current ratio of 1.42, a quick ratio of 1.33 and a debt-to-equity ratio of 0.28.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Speedway Motorsports in the fourth quarter valued at approximately $428,000. Arrowstreet Capital Limited Partnership lifted its stake in Speedway Motorsports by 91.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 111,993 shares of the company’s stock valued at $2,113,000 after acquiring an additional 53,502 shares during the last quarter. BlackRock Inc. lifted its stake in Speedway Motorsports by 0.9% in the fourth quarter. BlackRock Inc. now owns 705,923 shares of the company’s stock valued at $13,321,000 after acquiring an additional 6,636 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Speedway Motorsports by 31.3% in the fourth quarter. Bank of New York Mellon Corp now owns 275,015 shares of the company’s stock valued at $5,190,000 after acquiring an additional 65,563 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Speedway Motorsports by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 17,216 shares of the company’s stock valued at $325,000 after acquiring an additional 5,569 shares during the last quarter. Hedge funds and other institutional investors own 21.18% of the company’s stock.

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About Speedway Motorsports

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.

Earnings History and Estimates for Speedway Motorsports (NYSE:TRK)

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