The Manufacturers Life Insurance Company decreased its holdings in International Speedway Corporation (NASDAQ:ISCA) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,932 shares of the company’s stock after selling 280 shares during the quarter. The Manufacturers Life Insurance Company owned 0.23% of International Speedway Corporation worth $2,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WBI Investments Inc. acquired a new position in shares of International Speedway Corporation during the second quarter valued at approximately $1,857,000. TIAA CREF Investment Management LLC raised its holdings in shares of International Speedway Corporation by 6.8% during 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 during the last quarter. Principal Financial Group Inc. raised its holdings in shares of International Speedway Corporation by 6.3% during the second quarter. Principal Financial Group Inc. now owns 111,246 shares of the company’s stock valued at $4,177,000 after acquiring an additional 6,574 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of International Speedway Corporation by 71.0% during 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 during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of International Speedway Corporation by 1.4% during the first quarter. California Public Employees Retirement System now owns 57,100 shares of the company’s stock valued at $2,110,000 after acquiring an additional 800 shares during the last quarter. 51.69% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. BidaskClub raised International Speedway Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut International Speedway Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, Citigroup Inc. reissued a “sell” rating and set a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. International Speedway Corporation has a consensus rating of “Hold” and a consensus target price of $38.50.

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Shares of International Speedway Corporation (NASDAQ:ISCA) opened at $38.50 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.19. The firm has a market cap 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.

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

About International Speedway Corporation

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

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