Janney Montgomery Scott LLC Has $592,000 Stake in International Speedway Corp (ISCA)

Janney Montgomery Scott LLC lessened its stake in International Speedway Corp (NASDAQ:ISCA) by 17.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,564 shares of the company’s stock after selling 2,787 shares during the period. Janney Montgomery Scott LLC’s holdings in International Speedway were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dupont Capital Management Corp acquired a new position in shares of International Speedway in the 4th quarter valued at about $30,000. Quadrant Capital Group LLC lifted its holdings in shares of International Speedway by 2,997.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock valued at $49,000 after buying an additional 1,139 shares during the period. Quantamental Technologies LLC acquired a new position in shares of International Speedway in the 4th quarter valued at about $63,000. PNC Financial Services Group Inc. lifted its holdings in shares of International Speedway by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock valued at $84,000 after buying an additional 300 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of International Speedway in the 1st quarter valued at about $201,000. 48.78% of the stock is owned by institutional investors and hedge funds.

Shares of International Speedway stock opened at $45.55 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.15. International Speedway Corp has a twelve month low of $35.12 and a twelve month high of $49.95. The stock has a market capitalization of $1.91 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 7.39 and a beta of 0.85.

International Speedway (NASDAQ:ISCA) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). International Speedway had a net margin of 11.45% and a return on equity of 4.88%. The business had revenue of $150.55 million during the quarter, compared to analysts’ expectations of $150.95 million. During the same quarter in the prior year, the firm earned $0.60 EPS. International Speedway’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts forecast that International Speedway Corp will post 1.99 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from International Speedway’s previous annual dividend of $0.47. International Speedway’s payout ratio is currently 25.41%.

ISCA has been the subject of several analyst reports. Zacks Investment Research raised International Speedway from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. BidaskClub upgraded International Speedway from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th. Finally, ValuEngine upgraded International Speedway from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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International Speedway Company 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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