Fmr LLC Takes Position in International Speedway Corporation (ISCA)

FMR LLC purchased a new stake in shares of International Speedway Corporation (NASDAQ:ISCA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 97,200 shares of the company’s stock, valued at approximately $3,592,000. FMR LLC owned approximately 0.22% of International Speedway Corporation as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of International Speedway Corporation during the fourth quarter worth about $8,476,000. Teachers Advisors LLC boosted its stake in shares of International Speedway Corporation by 13.2% in the fourth quarter. Teachers Advisors LLC now owns 50,141 shares of the company’s stock worth $1,845,000 after buying an additional 5,856 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of International Speedway Corporation by 6.4% in the fourth quarter. Macquarie Group Ltd. now owns 980,067 shares of the company’s stock worth $36,066,000 after buying an additional 58,662 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of International Speedway Corporation by 16.6% in the first quarter. ProShare Advisors LLC now owns 188,723 shares of the company’s stock worth $6,973,000 after buying an additional 26,927 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in International Speedway Corporation by 181.5% in the first quarter. Acadian Asset Management LLC now owns 8,135 shares of the company’s stock worth $300,000 after buying an additional 5,245 shares in the last quarter. Hedge funds and other institutional investors own 50.54% of the company’s stock.

International Speedway Corporation (ISCA) opened at 34.00 on Friday. The stock’s 50 day moving average is $34.80 and its 200-day moving average is $36.26. International Speedway Corporation has a 12 month low of $30.05 and a 12 month high of $40.31. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17.

International Speedway Corporation (NASDAQ:ISCA) last announced its quarterly earnings data on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $165.30 million during the quarter, compared to the consensus estimate of $166.79 million. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, analysts anticipate that International Speedway Corporation will post $1.54 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. BidaskClub raised shares of International Speedway Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Citigroup Inc. reissued a “sell” rating and set a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.50.

In related news, Director Hyatt J. Brown bought 10,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was bought at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the purchase, the director now owns 809 shares in the company, valued at approximately $27,336.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 43.06% of the company’s stock.

About International Speedway Corporation

Institutional Ownership by Quarter for International Speedway Corporation (NASDAQ:ISCA)

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