Brandes Investment Partners LP lifted its stake in International Speedway Corp (NASDAQ:ISCA) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,197 shares of the company’s stock after acquiring an additional 17,838 shares during the period. Brandes Investment Partners LP’s holdings in International Speedway were worth $3,036,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of ISCA. Voya Investment Management LLC lifted its stake in shares of International Speedway by 33.9% in the 2nd quarter. Voya Investment Management LLC now owns 10,981 shares of the company’s stock worth $412,000 after acquiring an additional 2,782 shares during the period. State Street Corp lifted its stake in shares of International Speedway by 3.2% in the 2nd quarter. State Street Corp now owns 847,986 shares of the company’s stock worth $31,842,000 after acquiring an additional 26,184 shares during the period. First Trust Advisors LP lifted its stake in shares of International Speedway by 111.5% in the 3rd quarter. First Trust Advisors LP now owns 123,875 shares of the company’s stock worth $4,460,000 after acquiring an additional 65,297 shares during the period. First Quadrant L P CA lifted its stake in shares of International Speedway by 22.5% in the 3rd quarter. First Quadrant L P CA now owns 70,450 shares of the company’s stock worth $2,536,000 after acquiring an additional 12,949 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of International Speedway by 27.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,225 shares of the company’s stock worth $260,000 after acquiring an additional 1,543 shares during the period. 50.83% of the stock is owned by institutional investors.
Shares of International Speedway Corp (NASDAQ:ISCA) opened at $45.00 on Thursday. The firm has a market cap of $2,030.48, a P/E ratio of 18.07, a PEG ratio of 2.98 and a beta of 1.30. International Speedway Corp has a one year low of $32.25 and a one year high of $47.45. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.18.
A number of brokerages have recently weighed in on ISCA. BidaskClub raised shares of International Speedway from a “strong sell” rating to a “sell” rating in a research note on Friday, February 23rd. Citigroup upped their price target on shares of International Speedway from $31.00 to $40.00 and gave the stock a “sell” rating in a research note on Tuesday, February 6th. Finally, Zacks Investment Research raised shares of International Speedway from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, January 30th.
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International Speedway Profile
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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