International Speedway Corp (ISCA) VP Jeff Boerger Sells 500 Shares

International Speedway Corp (NASDAQ:ISCA) VP Jeff Boerger sold 500 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $45.49, for a total transaction of $22,745.00. Following the completion of the transaction, the vice president now owns 10,383 shares in the company, valued at approximately $472,322.67. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of International Speedway Corp (ISCA) traded up $2.80 during mid-day trading on Monday, reaching $47.00. 286,373 shares of the company’s stock were exchanged, compared to its average volume of 115,851. International Speedway Corp has a 52-week low of $32.25 and a 52-week high of $47.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.81 and a quick ratio of 2.41. The firm has a market cap of $1,953.11, a price-to-earnings ratio of 18.96, a P/E/G ratio of 5.26 and a beta of 1.14.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. International Speedway had a net margin of 16.50% and a return on equity of 5.09%. The firm had revenue of $226.26 million for the quarter, compared to analyst estimates of $222.36 million. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. research analysts predict that International Speedway Corp will post 2.1 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of International Speedway from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub lowered shares of International Speedway from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Citigroup reiterated a “sell” rating and issued a $31.00 price objective (up previously from $30.00) on shares of International Speedway in a report on Monday, October 9th.

A number of hedge funds have recently modified their holdings of ISCA. AXA raised its stake in shares of International Speedway by 571.9% in the 3rd quarter. AXA now owns 145,800 shares of the company’s stock valued at $5,249,000 after purchasing an additional 124,100 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of International Speedway by 6.3% in the 2nd quarter. Principal Financial Group Inc. now owns 111,246 shares of the company’s stock valued at $4,177,000 after purchasing an additional 6,574 shares in the last quarter. IndexIQ Advisors LLC raised its stake in shares of International Speedway by 83.3% in the 3rd quarter. IndexIQ Advisors LLC now owns 23,459 shares of the company’s stock valued at $845,000 after purchasing an additional 10,658 shares in the last quarter. Paradice Investment Management LLC raised its stake in shares of International Speedway by 2.3% in the 3rd quarter. Paradice Investment Management LLC now owns 1,940,306 shares of the company’s stock valued at $69,851,000 after purchasing an additional 43,171 shares in the last quarter. Finally, Lindsell Train Ltd raised its stake in shares of International Speedway by 14.2% in the 3rd quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock valued at $26,042,000 after purchasing an additional 90,000 shares in the last quarter. Hedge funds and other institutional investors own 50.43% of the company’s stock.

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About International Speedway

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.

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