Marshall Wace LLP Invests $478,000 in International Speedway Corp (ISCA)

Marshall Wace LLP purchased a new stake in shares of International Speedway Corp (NASDAQ:ISCA) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,688 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors have also added to or reduced their stakes in ISCA. Wells Fargo & Company MN raised its holdings in shares of International Speedway by 5.4% during the 1st quarter. Wells Fargo & Company MN now owns 84,035 shares of the company’s stock valued at $3,705,000 after purchasing an additional 4,321 shares in the last quarter. Prudential Financial Inc. raised its holdings in International Speedway by 124.2% in the 1st quarter. Prudential Financial Inc. now owns 37,604 shares of the company’s stock worth $1,658,000 after acquiring an additional 20,830 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in International Speedway by 1.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 181,189 shares of the company’s stock worth $7,991,000 after acquiring an additional 2,435 shares during the period. KBC Group NV raised its holdings in International Speedway by 8.9% in the 1st quarter. KBC Group NV now owns 28,489 shares of the company’s stock worth $1,256,000 after acquiring an additional 2,317 shares during the period. Finally, BlackRock Inc. raised its holdings in International Speedway by 3.4% in the 1st quarter. BlackRock Inc. now owns 2,478,045 shares of the company’s stock worth $109,281,000 after acquiring an additional 82,326 shares during the period. Institutional investors and hedge funds own 51.54% of the company’s stock.

Shares of ISCA opened at $45.05 on Monday. The firm has a market capitalization of $1.99 billion, a P/E ratio of 27.98, a PEG ratio of 3.66 and a beta of 1.09. International Speedway Corp has a one year low of $34.30 and a one year high of $49.95. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.16.

International Speedway (NASDAQ:ISCA) last announced its earnings results on Thursday, July 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $171.70 million for the quarter, compared to the consensus estimate of $169.05 million. International Speedway had a net margin of 38.65% and a return on equity of 5.24%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. research analysts expect that International Speedway Corp will post 2 EPS for the current fiscal year.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of International Speedway from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. BidaskClub downgraded shares of International Speedway from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. Zacks Investment Research upgraded shares of International Speedway from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Pivotal Research downgraded shares of International Speedway from a “hold” rating to a “sell” rating and set a $26.00 target price on the stock. in a report on Tuesday, September 18th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $38.67.

In related news, Director Larry D. Woodard sold 685 shares of International Speedway stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $44.20, for a total value of $30,277.00. Following the transaction, the director now owns 4,368 shares in the company, valued at approximately $193,065.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.41% of the company’s stock.

International Speedway Profile

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

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

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