Russell Investments Group Ltd. acquired a new position in Speedway Motorsports, Inc. (NYSE:TRK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,138 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TRK. Carroll Financial Associates Inc. raised its holdings in Speedway Motorsports by 1,770.9% in the 3rd quarter. Carroll Financial Associates Inc. now owns 4,958 shares of the company’s stock worth $107,000 after acquiring an additional 4,693 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Speedway Motorsports by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,721 shares of the company’s stock worth $214,000 after acquiring an additional 821 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Speedway Motorsports by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 12,803 shares of the company’s stock worth $234,000 after acquiring an additional 279 shares during the last quarter. Rhumbline Advisers raised its holdings in Speedway Motorsports by 6.0% in the 2nd quarter. Rhumbline Advisers now owns 17,401 shares of the company’s stock worth $318,000 after acquiring an additional 986 shares during the last quarter. Finally, Nationwide Fund Advisors raised its holdings in Speedway Motorsports by 10.9% in the 2nd quarter. Nationwide Fund Advisors now owns 20,611 shares of the company’s stock worth $377,000 after acquiring an additional 2,030 shares during the last quarter. Institutional investors and hedge funds own 21.18% of the company’s stock.

A number of equities analysts recently weighed in on TRK shares. Zacks Investment Research upgraded shares of Speedway Motorsports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Saturday, October 28th. TheStreet downgraded shares of Speedway Motorsports from a “b” rating to a “c+” rating in a research report on Wednesday, October 25th.

Speedway Motorsports, Inc. (NYSE:TRK) traded up $0.81 during trading hours on Monday, reaching $21.05. 40,065 shares of the company’s stock were exchanged, compared to its average volume of 24,124. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.33 and a current ratio of 1.42. Speedway Motorsports, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $23.47. The company has a market cap of $829.18, a P/E ratio of 24.36, a PEG ratio of -5.04 and a beta of 0.88.

In other news, Director Mark M. Gambill sold 12,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $20.00, for a total transaction of $240,000.00. Following the completion of the sale, the director now owns 40,428 shares of the company’s stock, valued at approximately $808,560. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 72.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by Marea Informative and is the sole property of of Marea Informative. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.mareainformativa.com/16138-shares-in-speedway-motorsports-inc-trk-purchased-by-russell-investments-group-ltd-updated-updated-updated/125434/.

Speedway Motorsports Profile

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.

Institutional Ownership by Quarter for Speedway Motorsports (NYSE:TRK)

Receive News & Ratings for Speedway Motorsports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Speedway Motorsports and related companies with MarketBeat.com's FREE daily email newsletter.