BlueCrest Capital Management Ltd purchased a new stake in International Speedway Corp (NASDAQ:ISCA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,987 shares of the company’s stock, valued at approximately $239,000.
A number of other institutional investors have also made changes to their positions in the business. American International Group Inc. increased its holdings in International Speedway by 1.9% in the 3rd quarter. American International Group Inc. now owns 67,835 shares of the company’s stock valued at $2,442,000 after buying an additional 1,272 shares during the period. Victory Capital Management Inc. increased its holdings in International Speedway by 27.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,225 shares of the company’s stock valued at $260,000 after buying an additional 1,543 shares during the period. Mutual of America Capital Management LLC increased its holdings in International Speedway by 12.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 21,186 shares of the company’s stock valued at $844,000 after buying an additional 2,368 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in International Speedway by 1.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 178,754 shares of the company’s stock valued at $7,124,000 after buying an additional 2,481 shares during the period. Finally, Community Bank N.A. bought a new stake in International Speedway in the 4th quarter valued at $104,000. 52.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ISCA stock opened at $44.15 on Wednesday. The stock has a market cap of $1,955.36, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.87 and a beta of 1.27. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.18. International Speedway Corp has a fifty-two week low of $32.25 and a fifty-two week high of $47.45.
International Speedway (NASDAQ:ISCA) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. International Speedway had a net margin of 16.50% and a return on equity of 5.09%. The firm had revenue of $226.26 million for the quarter, compared to analyst estimates of $222.36 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. equities research analysts forecast that International Speedway Corp will post 2.06 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of International Speedway from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 7th. Citigroup boosted their price target on shares of International Speedway from $31.00 to $40.00 and gave the company a “sell” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research raised shares of International Speedway from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, January 30th.
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International Speedway Company Profile
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.
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