International Speedway Corporation (ISCA) Shares Sold by Weik Investment Services Inc.
Weik Investment Services Inc. decreased its holdings in shares of International Speedway Corporation (NASDAQ:ISCA) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,900 shares of the company’s stock after selling 900 shares during the quarter. Weik Investment Services Inc.’s holdings in International Speedway Corporation were worth $334,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of ISCA. Bank of New York Mellon Corp lifted its position in International Speedway Corporation by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 417,858 shares of the company’s stock valued at $15,441,000 after acquiring an additional 40,014 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in International Speedway Corporation by 6.8% in the first quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock valued at $5,320,000 after acquiring an additional 9,192 shares in the last quarter. Wellington Management Group LLP boosted its stake in International Speedway Corporation by 71.0% in the first quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock valued at $1,609,000 after acquiring an additional 18,088 shares in the last quarter. WBI Investments Inc. purchased a new position in shares of International Speedway Corporation during the second quarter worth about $1,857,000. Finally, Victory Capital Management Inc. purchased a new position in shares of International Speedway Corporation during the first quarter worth about $179,000. Hedge funds and other institutional investors own 50.71% of the company’s stock.
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A number of research firms have recently commented on ISCA. Zacks Investment Research cut International Speedway Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. reissued a “sell” rating and issued a $30.00 target price (down from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. Finally, BidaskClub cut International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.50.
Shares of International Speedway Corporation (NASDAQ:ISCA) traded up 0.28% during trading on Tuesday, hitting $36.30. 13,101 shares of the stock were exchanged. International Speedway Corporation has a one year low of $30.05 and a one year high of $40.31. The stock has a market cap of $1.62 billion, a PE ratio of 23.77 and a beta of 1.15. The stock’s 50 day moving average price is $35.11 and its 200 day moving average price is $35.85.
International Speedway Corporation (NASDAQ:ISCA) last released its earnings results on Monday, July 3rd. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $165.30 million for the quarter, compared to the consensus estimate of $166.79 million. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Equities research analysts predict that International Speedway Corporation will post $1.54 EPS for the current year.
In other International Speedway Corporation news, Director Hyatt J. Brown purchased 10,000 shares of International Speedway Corporation stock in a transaction dated Wednesday, July 12th. The shares were bought at an average cost of $33.79 per share, for a total transaction of $337,900.00. Following the transaction, 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 SEC, which is available at the SEC website. 43.06% of the stock is currently owned by corporate insiders.
About International Speedway Corporation
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