International Speedway Corporation (ISCA) Stake Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in International Speedway Corporation (NASDAQ:ISCA) by 26.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,803 shares of the company’s stock after selling 278,792 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.78% of International Speedway Corporation worth $29,845,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ISCA. Northwestern Mutual Investment Management Company LLC raised its stake in International Speedway Corporation by 5.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock valued at $153,000 after purchasing an additional 217 shares in the last quarter. Victory Capital Management Inc. raised its stake in International Speedway Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,682 shares of the company’s stock valued at $213,000 after purchasing an additional 850 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in International Speedway Corporation by 3.1% in the second quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock valued at $248,000 after purchasing an additional 200 shares in the last quarter. Russell Investments Group Ltd. raised its stake in International Speedway Corporation by 333.1% in the second quarter. Russell Investments Group Ltd. now owns 10,125 shares of the company’s stock valued at $381,000 after purchasing an additional 7,787 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in International Speedway Corporation by 2.0% in the second quarter. State Treasurer State of Michigan now owns 10,450 shares of the company’s stock valued at $392,000 after purchasing an additional 200 shares in the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts recently weighed in on ISCA shares. Zacks Investment Research downgraded shares of International Speedway Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. reaffirmed a “sell” rating and issued a $31.00 target price (up from $30.00) on shares of International Speedway Corporation in a research note on Monday, October 9th. Finally, BidaskClub raised shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.50.

International Speedway Corporation (NASDAQ:ISCA) last issued its quarterly earnings data on Thursday, October 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $128.82 million. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS.

About International Speedway Corporation

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

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