International Speedway Corp. (ISCA) Sees Large Volume Increase
International Speedway Corp. (NASDAQ:ISCA) shares saw unusually-high trading volume on Friday . Approximately 139,669 shares traded hands during trading, an increase of 20% from the previous session’s volume of 116,013 shares.The stock last traded at $33.43 and had previously closed at $33.49.
ISCA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of International Speedway Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Citigroup Inc. lowered their price target on shares of International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating for the company in a research report on Monday, August 29th.
The stock has a market capitalization of $1.53 billion, a PE ratio of 22.27 and a beta of 1.09. The stock’s 50-day moving average price is $33.63 and its 200 day moving average price is $34.21.
International Speedway Corp. (NASDAQ:ISCA) last posted its earnings results on Tuesday, July 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. The company earned $167.60 million during the quarter. International Speedway Corp. had a return on equity of 4.88% and a net margin of 10.69%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts forecast that International Speedway Corp. will post $1.49 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of ISCA. BlackRock Institutional Trust Company N.A. boosted its position in International Speedway Corp. by 17.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 888,680 shares of the company’s stock worth $32,801,000 after buying an additional 129,686 shares during the period. BlackRock Inc. boosted its position in International Speedway Corp. by 8.7% in the first quarter. BlackRock Inc. now owns 10,715 shares of the company’s stock worth $396,000 after buying an additional 855 shares during the period. Goldman Sachs Group Inc. boosted its position in International Speedway Corp. by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 79,953 shares of the company’s stock worth $2,951,000 after buying an additional 23,183 shares during the period. Wellington Management Group LLP boosted its position in International Speedway Corp. by 2,046.7% in the first quarter. Wellington Management Group LLP now owns 263,872 shares of the company’s stock worth $9,740,000 after buying an additional 251,580 shares during the period. Finally, Boston Partners boosted its position in International Speedway Corp. by 0.3% in the second quarter. Boston Partners now owns 765,236 shares of the company’s stock worth $25,597,000 after buying an additional 2,653 shares during the period. 51.69% of the stock is owned by hedge funds and other institutional investors.
About International Speedway Corp.
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events.
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