Wells Fargo & Company MN Boosts Position in International Speedway Co. (ISCA)

Wells Fargo & Company MN boosted its stake in International Speedway Co. (NASDAQ:ISCA) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,714 shares of the company’s stock after acquiring an additional 12,518 shares during the quarter. Wells Fargo & Company MN owned 0.18% of International Speedway worth $3,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Community Bank N.A. bought a new stake in International Speedway in the 4th quarter valued at $104,000. Crossmark Global Holdings Inc. bought a new stake in International Speedway in the 4th quarter valued at $206,000. New Mexico Educational Retirement Board bought a new stake in International Speedway in the 4th quarter valued at $247,000. Teacher Retirement System of Texas bought a new stake in International Speedway in the 4th quarter valued at $339,000. Finally, Acadian Asset Management LLC lifted its position in International Speedway by 3,300.7% in the 4th quarter. Acadian Asset Management LLC now owns 10,066 shares of the company’s stock valued at $402,000 after acquiring an additional 9,770 shares in the last quarter. 52.03% of the stock is currently owned by institutional investors and hedge funds.

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ISCA opened at $39.60 on Monday. The firm has a market capitalization of $1,750.68, a P/E ratio of 22.89, a P/E/G ratio of 3.22 and a beta of 1.23. International Speedway Co. has a 12 month low of $32.25 and a 12 month high of $47.45. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.16.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings results on Tuesday, April 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. International Speedway had a net margin of 38.51% and a return on equity of 5.25%. The firm had revenue of $148.90 million for the quarter, compared to analysts’ expectations of $151.88 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts forecast that International Speedway Co. will post 2 EPS for the current year.

In other International Speedway news, COO John R. Saunders sold 2,500 shares of the business’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $40.54, for a total transaction of $101,350.00. Following the sale, the chief operating officer now directly owns 46,130 shares of the company’s stock, valued at approximately $1,870,110.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 43.06% of the company’s stock.

Several research firms recently commented on ISCA. BidaskClub cut shares of International Speedway from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of International Speedway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Citigroup boosted their price objective on shares of International Speedway from $31.00 to $40.00 and gave the company a “sell” rating in a research report on Tuesday, February 6th.

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International Speedway Company Profile

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

Institutional Ownership by Quarter for International Speedway (NASDAQ:ISCA)

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