Arrowstreet Capital Limited Partnership Has $4.69 Million Stake in International Speedway Corporation (ISCA)

Arrowstreet Capital Limited Partnership lifted its stake in shares of International Speedway Corporation (NASDAQ:ISCA) by 93.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,864 shares of the company’s stock after buying an additional 60,163 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.50% of International Speedway Corporation worth $4,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of International Speedway Corporation by 3.2% during the second quarter. State Street Corp now owns 847,986 shares of the company’s stock worth $31,842,000 after buying an additional 26,184 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in International Speedway Corporation by 174.8% in the second quarter. Gotham Asset Management LLC now owns 36,397 shares of the company’s stock valued at $1,367,000 after purchasing an additional 23,150 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in International Speedway Corporation by 35.8% in the second quarter. Macquarie Group Ltd. now owns 1,371,519 shares of the company’s stock valued at $51,501,000 after purchasing an additional 361,759 shares in the last quarter. AHL Partners LLP boosted its holdings in International Speedway Corporation by 36.6% in the second quarter. AHL Partners LLP now owns 24,637 shares of the company’s stock valued at $925,000 after purchasing an additional 6,604 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in International Speedway Corporation by 33.9% in the second quarter. Voya Investment Management LLC now owns 10,981 shares of the company’s stock valued at $412,000 after purchasing an additional 2,782 shares in the last quarter. 50.71% of the stock is owned by institutional investors and hedge funds.

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Shares of International Speedway Corporation (NASDAQ:ISCA) opened at 39.30 on Monday. The company’s 50 day moving average price is $36.17 and its 200-day moving average price is $36.01. International Speedway Corporation has a 1-year low of $30.30 and a 1-year high of $40.31. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 25.74 and a beta of 1.15.

International Speedway Corporation (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. International Speedway Corporation’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that International Speedway Corporation will post $1.57 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on ISCA shares.

Several other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of International Speedway Corporation by 3.2% during the second quarter. State Street Corp now owns 847,986 shares of the company’s stock worth $31,842,000 after buying an additional 26,184 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in International Speedway Corporation by 174.8% in the second quarter. Gotham Asset Management LLC now owns 36,397 shares of the company’s stock valued at $1,367,000 after purchasing an additional 23,150 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in International Speedway Corporation by 35.8% in the second quarter. Macquarie Group Ltd. now owns 1,371,519 shares of the company’s stock valued at $51,501,000 after purchasing an additional 361,759 shares in the last quarter. AHL Partners LLP boosted its holdings in International Speedway Corporation by 36.6% in the second quarter. AHL Partners LLP now owns 24,637 shares of the company’s stock valued at $925,000 after purchasing an additional 6,604 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in International Speedway Corporation by 33.9% in the second quarter. Voya Investment Management LLC now owns 10,981 shares of the company’s stock valued at $412,000 after purchasing an additional 2,782 shares in the last quarter. 50.71% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/16/arrowstreet-capital-limited-partnership-has-4-69-million-stake-in-international-speedway-corporation-isca.html.

Shares of International Speedway Corporation (NASDAQ:ISCA) opened at 39.30 on Monday. The company’s 50 day moving average price is $36.17 and its 200-day moving average price is $36.01. International Speedway Corporation has a 1-year low of $30.30 and a 1-year high of $40.31. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 25.74 and a beta of 1.15.

International Speedway Corporation (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. International Speedway Corporation’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that International Speedway Corporation will post $1.57 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on ISCA shares. Zacks Investment Research raised International Speedway Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, October 10th. Citigroup Inc. reiterated a “sell” rating and issued a $31.00 price objective (up previously from $30.00) on shares of International Speedway Corporation in a research report on Monday, October 9th. Finally, BidaskClub upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. International Speedway Corporation presently has a consensus rating of “Hold” and an average target price of $38.50.

About International Speedway Corporation

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

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