Fmr LLC held its stake in International Speedway Corporation (NASDAQ:ISCA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,200 shares of the company’s stock at the close of the 2nd quarter. Fmr LLC owned approximately 0.22% of International Speedway Corporation worth $3,650,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Parametric Portfolio Associates LLC lifted its stake in shares of International Speedway Corporation by 1.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 53,256 shares of the company’s stock valued at $1,968,000 after purchasing an additional 826 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of International Speedway Corporation by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 54,918 shares of the company’s stock valued at $2,029,000 after purchasing an additional 1,535 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of International Speedway Corporation by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 104,672 shares of the company’s stock valued at $3,868,000 after purchasing an additional 710 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of International Speedway Corporation by 71.0% in the 1st quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock valued at $1,609,000 after purchasing an additional 18,088 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of International Speedway Corporation by 6.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock valued at $5,320,000 after purchasing an additional 9,192 shares in the last quarter. 51.69% of the stock is currently owned by hedge funds and other institutional investors.

International Speedway Corporation (NASDAQ:ISCA) opened at $38.50 on Monday. The stock has a market capitalization of $1,701.24, a P/E ratio of 24.84, a P/E/G ratio of 6.07 and a beta of 1.11. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.19.

International Speedway Corporation (NASDAQ:ISCA) last released its quarterly earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $131.90 million for the quarter, compared to analyst estimates of $128.82 million. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. International Speedway Corporation’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. research analysts anticipate that International Speedway Corporation will post 1.59 EPS for the current year.

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Several equities analysts have recently weighed in on ISCA shares. Zacks Investment Research raised International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Citigroup Inc. reaffirmed a “sell” rating and issued a $31.00 price objective (up from $30.00) on shares of International Speedway Corporation in a research note on Monday, October 9th. Finally, BidaskClub lowered International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.50.

About International Speedway Corporation

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

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