Silver State Limited Partn Bjf Buys 375 Shares of International Speedway Corporation (ISCA) Stock
International Speedway Corporation (NASDAQ:ISCA) insider Silver State Limited Partn Bjf bought 375 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $35.06 per share, for a total transaction of $13,147.50. Following the completion of the transaction, the insider now directly owns 801,155 shares of the company’s stock, valued at approximately $28,088,494.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of International Speedway Corporation (NASDAQ ISCA) remained flat at $34.85 during trading on Friday. 137,174 shares of the stock traded hands. International Speedway Corporation has a 12-month low of $30.05 and a 12-month high of $40.31. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 22.82 and a beta of 1.17. The company has a 50-day moving average price of $35.18 and a 200 day moving average price of $36.36.
International Speedway Corporation (NASDAQ:ISCA) last announced its quarterly earnings results on Monday, July 3rd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.02. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The company had revenue of $165.30 million during the quarter, compared to analysts’ expectations of $166.79 million. During the same period last year, the firm earned $0.29 earnings per share. International Speedway Corporation’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that International Speedway Corporation will post $1.54 earnings per share for the current year.
A number of large investors have recently made changes to their positions in ISCA. BlackRock Inc. boosted its stake in shares of International Speedway Corporation by 14,546.9% in the first quarter. BlackRock Inc. now owns 2,509,018 shares of the company’s stock worth $92,708,000 after buying an additional 2,491,888 shares during the period. Vivaldi Capital Management LLC bought a new stake in shares of International Speedway Corporation during the first quarter worth $10,261,976,000. Vivaldi Asset Management LLC bought a new stake in shares of International Speedway Corporation during the second quarter worth $9,343,000. Norges Bank bought a new stake in shares of International Speedway Corporation during the fourth quarter worth $8,476,000. Finally, Thrivent Financial For Lutherans bought a new stake in shares of International Speedway Corporation during the second quarter worth $7,167,000. 51.20% of the stock is owned by hedge funds and other institutional investors.
ISCA has been the topic of several analyst reports. Zacks Investment Research upgraded International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, July 7th. BidaskClub upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. restated a “sell” rating and issued a $30.00 price objective (down from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.50.
About International Speedway Corporation
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