International Speedway Corporation (NASDAQ:ISCA) Ducks Under The Trend Line

Evrard Martin
Juillet 20, 2017

Wellington Management Group LLP owned 0.10% of International Speedway Corporation worth $1,609,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Paradice Investment Management LLC boosted its position in shares of International Speedway Corporation by 9.1% in the first quarter. Comerica Bank boosted its stake in shares of International Speedway Corporation by 2.0% in the first quarter. Acadian Asset Management LLC now owns 8,135 shares of the company's stock valued at $300,000 after buying an additional 5,245 shares during the last quarter. FMR LLC purchased a new position in International Speedway Corporation during the first quarter valued at approximately $3,592,000.

International Speedway Corporation (NASDAQ:ISCA) last posted its quarterly earnings data on Monday, July 3rd.

International Speedway Corporation (NASDAQ ISCA) opened at 33.70 on Wednesday. Further back, their 200-Day Simple Moving Average is -6.23% difference from today's price. International Speedway Corporation has a 12-month low of $30.05 and a 12-month high of $40.31. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 21.91 and a beta of 1.18. International Speedway Corp (NASDAQ:ISCA) has risen 10.59% since July 19, 2016 and is uptrending. Analysts forecast earnings per share of $0.05, up exactly $0.02 or 66.67 % from 2014's $0.03 EPS. The business had revenue of $165.30 million for 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 business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. On average, equities research analysts predict that International Speedway Corporation will post $1.54 EPS for the current fiscal year.

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ISCA has been the topic of a number of recent analyst reports.

According to the the latest analyst ratings which have been released, 0 brokers have issued a rating of "buy", 1 brokers "outperform", 3 brokers "hold", 0 brokers "underperform" and 1 brokers "sell". BidaskClub upgraded shares of International Speedway Corporation from a "strong sell" rating to a "sell" rating in a research note on Friday, June 9th. Citigroup Inc. restated a "sell" rating and set a $30.00 price target (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. They now have a Dollars 30 price target on the stock. The stock was purchased at an average cost of $33.79 per share, for a total transaction of $337,900.00. Following the completion of the purchase, 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 Securities & Exchange Commission, which is available at the SEC website. 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 NY, and Route 66 Raceway in Illinois.

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