International Speedway Corporation (NASDAQ:ISCA)‘s stock had its “sell” rating reiterated by Citigroup Inc. in a research note issued to investors on Monday. They currently have a $31.00 price target on the stock, up from their prior price target of $30.00. Citigroup Inc.’s price objective indicates a potential downside of 20.10% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of International Speedway Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. International Speedway Corporation presently has a consensus rating of “Hold” and a consensus target price of $36.75.

International Speedway Corporation (NASDAQ:ISCA) traded down 3.36% during mid-day trading on Monday, reaching $38.80. 208,011 shares of the company were exchanged. The stock has a 50 day moving average of $35.47 and a 200-day moving average of $35.90. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 25.41 and a beta of 1.15. International Speedway Corporation has a one year low of $30.05 and a one year high of $40.31.

International Speedway Corporation (NASDAQ:ISCA) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $128.82 million. International Speedway Corporation had a net margin of 10.07% and a return on equity of 4.86%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities analysts expect that International Speedway Corporation will post $1.56 earnings per share for the current fiscal year.

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In other International Speedway Corporation news, Director Hyatt J. Brown purchased 10,000 shares of International Speedway Corporation stock in a transaction that occurred on Wednesday, July 12th. The shares were bought at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the completion of the transaction, the director now owns 809 shares of the company’s stock, valued at approximately $27,336.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 10,473 shares of company stock worth $354,686 in the last 90 days. 43.06% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP increased its position in International Speedway Corporation by 165.1% in the first quarter. Quantbot Technologies LP now owns 3,446 shares of the company’s stock worth $127,000 after purchasing an additional 2,146 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in International Speedway Corporation by 5.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock worth $153,000 after purchasing an additional 217 shares during the last quarter. Victory Capital Management Inc. bought a new stake in International Speedway Corporation in the first quarter worth $179,000. Oxford Asset Management bought a new stake in International Speedway Corporation in the first quarter worth $220,000. Finally, Susquehanna International Group LLP bought a new stake in International Speedway Corporation in the second quarter worth $243,000. Institutional investors own 50.71% of the company’s stock.

About International Speedway Corporation

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