Oregon Public Employees Retirement Fund decreased its position in International Speedway Corporation (NASDAQ:ISCA) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,466 shares of the company’s stock after selling 160 shares during the period. Oregon Public Employees Retirement Fund’s holdings in International Speedway Corporation were worth $355,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ISCA. Bank of New York Mellon Corp raised its position in International Speedway Corporation by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 417,858 shares of the company’s stock valued at $15,441,000 after buying an additional 40,014 shares in the last quarter. Strs Ohio acquired a new position in International Speedway Corporation during the first quarter valued at about $853,000. Vivaldi Capital Management LLC acquired a new position in International Speedway Corporation during the first quarter valued at about $10,261,976,000. Wellington Management Group LLP raised its position in International Speedway Corporation by 71.0% in the first quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock valued at $1,609,000 after buying an additional 18,088 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in International Speedway Corporation by 6.8% in the first quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock valued at $5,320,000 after buying an additional 9,192 shares in the last quarter. 50.54% of the stock is owned by hedge funds and other institutional investors.
International Speedway Corporation (ISCA) opened at 34.00 on Friday. International Speedway Corporation has a one year low of $30.05 and a one year high of $40.31. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17. The firm’s 50-day moving average price is $34.80 and its 200 day moving average price is $36.26.
International Speedway Corporation (NASDAQ:ISCA) last posted its earnings results on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.02. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The company had revenue of $165.30 million during the quarter, compared to the consensus estimate of $166.79 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that International Speedway Corporation will post $1.54 earnings per share for the current fiscal year.
ISCA has been the subject of several recent analyst reports. Zacks Investment Research raised International Speedway Corporation from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Citigroup Inc. reaffirmed a “sell” rating and issued a $30.00 target price (down from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. Finally, BidaskClub lowered International Speedway Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. International Speedway Corporation presently 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 on Wednesday, July 12th. The stock was acquired at an average price of $33.79 per share, with a total value of $337,900.00. Following the transaction, the director now owns 809 shares in the company, valued at approximately $27,336.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.06% of the company’s stock.
International Speedway Corporation Company Profile
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