International Speedway Corp. (NASDAQ:ISCA) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter. International Speedway Corp. had a net margin of 10.69% and a return on equity of 4.88%. The business earned $129 million during the quarter, compared to the consensus estimate of $185.18 million.
International Speedway Corp. (NASDAQ:ISCA) opened at 33.70 on Thursday. International Speedway Corp. has a 12-month low of $29.71 and a 12-month high of $37.87. The stock has a market capitalization of $1.55 billion, a PE ratio of 22.48 and a beta of 1.07. The company’s 50-day moving average is $33.54 and its 200 day moving average is $33.92.
ISCA has been the subject of several recent research reports. Zacks Investment Research downgraded shares of International Speedway Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Citigroup Inc. decreased their target price on shares of International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating for the company in a research note on Monday, August 29th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. raised its position in International Speedway Corp. by 11.7% in the second quarter. Westwood Holdings Group Inc. now owns 342,171 shares of the company’s stock worth $11,445,000 after buying an additional 35,850 shares during the last quarter. AQR Capital Management LLC raised its position in International Speedway Corp. by 17.1% in the second quarter. AQR Capital Management LLC now owns 10,845 shares of the company’s stock worth $363,000 after buying an additional 1,582 shares during the last quarter. Guggenheim Capital LLC raised its position in International Speedway Corp. by 1.0% in the second quarter. Guggenheim Capital LLC now owns 59,046 shares of the company’s stock worth $1,975,000 after buying an additional 610 shares during the last quarter. Marshall Wace LLP purchased a new position in International Speedway Corp. during the second quarter worth about $444,000. Finally, Menta Capital LLC purchased a new position in International Speedway Corp. during the second quarter worth about $1,211,000. 51.69% of the stock is owned by hedge funds and other institutional investors.
International Speedway Corp. Company Profile
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events.
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