International Speedway Corp (ISCA) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL boosted its stake in International Speedway Corp (NASDAQ:ISCA) by 21.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 52,200 shares of the company’s stock after acquiring an additional 9,200 shares during the quarter. Virginia Retirement Systems ET AL owned 0.12% of International Speedway worth $1,879,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in International Speedway by 6.3% in the 2nd quarter. Principal Financial Group Inc. now owns 111,246 shares of the company’s stock valued at $4,177,000 after acquiring an additional 6,574 shares during the period. WBI Investments Inc. acquired a new stake in International Speedway during the 2nd quarter worth $1,857,000. IndexIQ Advisors LLC boosted its stake in International Speedway by 83.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 23,459 shares of the company’s stock worth $845,000 after purchasing an additional 10,658 shares during the last quarter. Lindsell Train Ltd boosted its stake in International Speedway by 14.2% during the 3rd quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock worth $26,042,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in International Speedway by 174.8% during the 2nd quarter. Gotham Asset Management LLC now owns 36,397 shares of the company’s stock worth $1,367,000 after purchasing an additional 23,150 shares during the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Speedway Corp (ISCA) opened at $40.45 on Wednesday. International Speedway Corp has a one year low of $32.25 and a one year high of $41.60. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1,798.45, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 6.02 and a beta of 1.13.

International Speedway (NASDAQ:ISCA) last announced its earnings results on Thursday, October 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. International Speedway had a net margin of 10.07% and a return on equity of 5.05%. The company had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $128.82 million. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. sell-side analysts forecast that International Speedway Corp will post 1.59 earnings per share for the current year.

Several equities research analysts have issued reports on ISCA shares. Zacks Investment Research cut shares of International Speedway from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Citigroup reaffirmed a “sell” rating and set a $31.00 target price (up previously from $30.00) on shares of International Speedway in a research note on Monday, October 9th. Finally, BidaskClub cut shares of International Speedway from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.

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International Speedway Profile

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

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