Shares of Speedway Motorsports, Inc. (NYSE:TRK) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $16.26 and last traded at $16.31, with a volume of 300 shares. The stock had previously closed at $16.64.

TRK has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Speedway Motorsports from a “strong sell” rating to a “hold” rating in a report on Thursday, June 28th. ValuEngine raised shares of Speedway Motorsports from a “sell” rating to a “hold” rating in a report on Thursday, July 5th.

The firm has a market capitalization of $730.05 million, a PE ratio of 18.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

Speedway Motorsports (NYSE:TRK) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). Speedway Motorsports had a return on equity of 4.07% and a net margin of 33.47%. The firm had revenue of $165.85 million for the quarter, compared to analysts’ expectations of $178.21 million. As a group, analysts anticipate that Speedway Motorsports, Inc. will post 1.05 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Speedway Motorsports by 73.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,525 shares of the company’s stock worth $356,000 after buying an additional 8,725 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Speedway Motorsports during the second quarter worth $553,000. Strs Ohio boosted its holdings in Speedway Motorsports by 9.8% during the second quarter. Strs Ohio now owns 34,600 shares of the company’s stock worth $600,000 after buying an additional 3,100 shares in the last quarter. Balter Liquid Alternatives LLC boosted its holdings in Speedway Motorsports by 203.1% during the second quarter. Balter Liquid Alternatives LLC now owns 40,465 shares of the company’s stock worth $701,000 after buying an additional 27,116 shares in the last quarter. Finally, First Quadrant L P CA raised its position in Speedway Motorsports by 114.1% during the second quarter. First Quadrant L P CA now owns 58,147 shares of the company’s stock worth $1,009,000 after acquiring an additional 30,992 shares during the period. 21.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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