UBS Asset Management Americas Inc. Buys 4,801 Shares of International Speedway Corp (NASDAQ:ISCA)

UBS Asset Management Americas Inc. raised its stake in International Speedway Corp (NASDAQ:ISCA) by 20.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,767 shares of the company’s stock after buying an additional 4,801 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.07% of International Speedway worth $1,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ISCA. Great West Life Assurance Co. Can lifted its stake in International Speedway by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,942 shares of the company’s stock valued at $695,000 after buying an additional 1,191 shares in the last quarter. Denali Advisors LLC lifted its stake in International Speedway by 197.2% in the second quarter. Denali Advisors LLC now owns 17,800 shares of the company’s stock valued at $799,000 after buying an additional 11,810 shares in the last quarter. WINTON GROUP Ltd lifted its stake in International Speedway by 46.1% in the second quarter. WINTON GROUP Ltd now owns 15,439 shares of the company’s stock valued at $693,000 after buying an additional 4,874 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of International Speedway by 6.7% in the second quarter. Nisa Investment Advisors LLC now owns 16,000 shares of the company’s stock worth $718,000 after purchasing an additional 1,000 shares in the last quarter. Finally, 6 Meridian lifted its position in shares of International Speedway by 2.4% in the second quarter. 6 Meridian now owns 11,103 shares of the company’s stock worth $498,000 after purchasing an additional 262 shares in the last quarter. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

ISCA traded up $0.09 during trading on Monday, reaching $45.14. 3,738 shares of the stock were exchanged, compared to its average volume of 297,230. The stock has a market cap of $1.96 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 7.96 and a beta of 0.64. International Speedway Corp has a twelve month low of $35.39 and a twelve month high of $45.73. The stock’s 50 day moving average price is $45.10 and its two-hundred day moving average price is $44.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.28 and a current ratio of 3.28.

International Speedway (NASDAQ:ISCA) last issued its earnings results on Friday, October 4th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). International Speedway had a return on equity of 4.89% and a net margin of 11.34%. Equities research analysts predict that International Speedway Corp will post 1.89 earnings per share for the current fiscal year.

In other International Speedway news, VP Derek Muldowney sold 2,594 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $45.12, for a total value of $117,041.28. Following the transaction, the vice president now owns 9,778 shares of the company’s stock, valued at $441,183.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 44.70% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on ISCA. Zacks Investment Research lowered shares of International Speedway from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. BidaskClub lowered shares of International Speedway from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd. Wells Fargo & Co lowered shares of International Speedway from a “market perform” rating to an “underperform” rating and set a $41.00 price objective on the stock. in a research report on Monday, July 15th. Finally, ValuEngine lowered shares of International Speedway from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

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.

Further Reading: Stocks Increasing Dividends

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

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