International Speedway Corp (NASDAQ:ISCA) Position Cut by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC trimmed its stake in International Speedway Corp (NASDAQ:ISCA) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,230 shares of the company’s stock after selling 390 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in International Speedway were worth $185,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in International Speedway in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC grew its holdings in International Speedway by 2,997.4% in the first quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock valued at $49,000 after purchasing an additional 1,139 shares during the period. PNC Financial Services Group Inc. grew its holdings in International Speedway by 18.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock valued at $84,000 after purchasing an additional 300 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in International Speedway in the first quarter valued at approximately $201,000. Finally, BNP Paribas Arbitrage SA grew its holdings in International Speedway by 1,248.4% in the first quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the company’s stock valued at $215,000 after purchasing an additional 4,569 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

ISCA opened at $45.25 on Thursday. 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 52-week low of $35.12 and a 52-week high of $49.95. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 7.57 and a beta of 0.77.

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

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. This is an increase from International Speedway’s previous annual dividend of $0.47. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 30th. International Speedway’s payout ratio is currently 26.49%.

A number of equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of International Speedway from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. BidaskClub downgraded shares of International Speedway from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of International Speedway from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.00.

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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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