Does Speedway Motorsports Inc (NYSE:TRK) Have Gas After Even More Sellers Involved?

October 13, 2018 - By Ellis Scott

Speedway Motorsports, Inc. (NYSE:TRK) Logo

Investors sentiment decreased to 1.1 in 2018 Q2. Its down 0.06, from 1.16 in 2018Q1. It is negative, as 6 investors sold Speedway Motorsports, Inc. shares while 23 reduced holdings. 10 funds opened positions while 22 raised stakes. 8.31 million shares or 0.39% less from 8.34 million shares in 2018Q1 were reported.
Burt Wealth has 100 shares. Wells Fargo Com Mn reported 11,019 shares. Ameritas Inv Partners holds 0% or 1,049 shares. D E Shaw And Commerce accumulated 27,370 shares. Parametric Portfolio Associates Lc accumulated 0% or 15,589 shares. Millennium Mgmt Lc holds 0% or 24,188 shares. California State Teachers Retirement Systems accumulated 17,726 shares or 0% of the stock. Royal Bancorp Of Canada stated it has 510 shares or 0% of all its holdings. Moreover, Barclays Public Limited Liability has 0% invested in Speedway Motorsports, Inc. (NYSE:TRK) for 883 shares. Natl Bank Of Montreal Can accumulated 667 shares or 0% of the stock. State Common Retirement Fund holds 12,500 shares or 0% of its portfolio. Stone Ridge Asset Mgmt Lc reported 27,480 shares stake. State Street Corporation accumulated 237,412 shares or 0% of the stock. Great West Life Assurance Commerce Can invested in 0% or 2,388 shares. Citigroup owns 3,208 shares.

The stock of Speedway Motorsports Inc (NYSE:TRK) registered an increase of 3.73% in short interest. TRK’s total short interest was 50,000 shares in October as published by FINRA. Its up 3.73% from 48,200 shares, reported previously. With 22,800 shares average volume, it will take short sellers 2 days to cover their TRK’s short positions. The short interest to Speedway Motorsports Inc’s float is 0.44%.

The stock decreased 1.17% or $0.19 during the last trading session, reaching $15.99. About 27,891 shares traded or 30.86% up from the average. Speedway Motorsports, Inc. (NYSE:TRK) has declined 16.61% since October 13, 2017 and is downtrending. It has underperformed by 32.23% the S&P500.

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company has market cap of $653.98 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 4.32 P/E ratio. As of December 31, 2016, its racing facilities included total seating capacity of approximately 784,000 with 760 luxury suites.

Another recent and important Speedway Motorsports, Inc. (NYSE:TRK) news was published by Bizjournals.com which published an article titled: “CBJ Morning Buzz: New CEO, president in charge of one of Charlotte’s largest corporations” on September 27, 2018.

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

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