Metropolitan Life Insurance Co. NY Has $211,000 Position in Speedway Motorsports, Inc. (TRK)

Metropolitan Life Insurance Co. NY maintained its stake in shares of Speedway Motorsports, Inc. (NYSE:TRK) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,753 shares of the company’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY’s holdings in Speedway Motorsports were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Speedway Motorsports by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 302,500 shares of the company’s stock valued at $6,555,000 after buying an additional 41,600 shares during the last quarter. State Street Corp boosted its stake in shares of Speedway Motorsports by 3.5% in the fourth quarter. State Street Corp now owns 259,737 shares of the company’s stock valued at $5,629,000 after buying an additional 8,819 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Speedway Motorsports by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 208,234 shares of the company’s stock valued at $3,719,000 after buying an additional 7,018 shares during the last quarter. Brandes Investment Partners LP boosted its stake in shares of Speedway Motorsports by 37.4% in the third quarter. Brandes Investment Partners LP now owns 90,581 shares of the company’s stock valued at $1,617,000 after buying an additional 24,632 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Speedway Motorsports by 1.0% in the third quarter. Prudential Financial Inc. now owns 87,183 shares of the company’s stock valued at $1,557,000 after buying an additional 900 shares during the last quarter. Institutional investors own 22.34% of the company’s stock.

Shares of Speedway Motorsports, Inc. (NYSE:TRK) opened at 18.05 on Friday. The company has a market cap of $741.55 million, a PE ratio of 18.80 and a beta of 0.84. Speedway Motorsports, Inc. has a one year low of $16.62 and a one year high of $22.28. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $20.18.

Speedway Motorsports (NYSE:TRK) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $80.33 million for the quarter. Speedway Motorsports had a return on equity of 4.92% and a net margin of 6.93%. Equities analysts predict that Speedway Motorsports, Inc. will post $0.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 11th. This represents a…

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