International Speedway Corporation (NASDAQ:ISCA) Stake Cut by KCG Holdings Inc.

KCG Holdings Inc. cut its position in International Speedway Corporation (NASDAQ:ISCA) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,336 shares of the company’s stock after selling 1,930 shares during the period. KCG Holdings Inc.’s holdings in International Speedway Corporation were worth $234,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Boston Partners raised its position in International Speedway Corporation by 0.8% in the first quarter. Boston Partners now owns 205,936 shares of the company’s stock valued at $7,609,000 after buying an additional 1,612 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of International Speedway Corporation by 13.4% in the first quarter. First Trust Advisors LP now owns 72,091 shares of the company’s stock valued at $2,664,000 after buying an additional 8,531 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of International Speedway Corporation by 25.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,824 shares of the company’s stock valued at $659,000 after buying an additional 3,663 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of International Speedway Corporation during the first quarter valued at $571,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of International Speedway Corporation by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,626 shares of the company’s stock valued at $356,000 after buying an additional 100 shares during the last quarter. 50.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Speedway Corporation (NASDAQ:ISCA) opened at 34.00 on Friday. 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 stock has a 50 day moving average of $34.80 and a 200-day moving average of $36.26. International Speedway Corporation has a 52 week low of $30.05 and a 52 week high of $40.31.

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

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Several equities research analysts have recently commented 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. Citigroup Inc. reiterated a “sell” rating and issued a $30.00 price target (down from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Finally, BidaskClub lowered shares of International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.50.

In related news, Director Hyatt J. Brown bought 10,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average price of $33.79 per share, with a total value of $337,900.00. Following the completion of the acquisition, the director now owns 809 shares in the company, valued at approximately $27,336.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 43.06% of the company’s stock.

International Speedway Corporation Company Profile

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

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