Wellington Management Group LLP Has $1.61 Million Stake in International Speedway Corporation (ISCA)

Wellington Management Group LLP raised its position in International Speedway Corporation (NASDAQ:ISCA) by 71.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,558 shares of the company’s stock after buying an additional 18,088 shares during the period. Wellington Management Group LLP owned 0.10% of International Speedway Corporation worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of International Speedway Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 104,672 shares of the company’s stock worth $3,868,000 after buying an additional 710 shares in the last quarter. AXA boosted its position in shares of International Speedway Corporation by 22.2% in the first quarter. AXA now owns 16,500 shares of the company’s stock worth $610,000 after buying an additional 3,000 shares in the last quarter. Paradice Investment Management LLC boosted its position in shares of International Speedway Corporation by 9.1% in the first quarter. Paradice Investment Management LLC now owns 1,814,035 shares of the company’s stock worth $67,029,000 after buying an additional 151,427 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of International Speedway Corporation by 26.2% in the first quarter. Neuberger Berman Group LLC now owns 15,970 shares of the company’s stock worth $590,000 after buying an additional 3,314 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of International Speedway Corporation by 2.9% in the first quarter. American International Group Inc. now owns 66,166 shares of the company’s stock worth $2,445,000 after buying an additional 1,851 shares in the last quarter. Hedge funds and other institutional investors own 50.99% of the company’s stock.

International Speedway Corporation (ISCA) opened at 33.70 on Wednesday. The firm’s 50-day moving average is $35.40 and its 200-day moving average is $36.57. The company has a market cap of $1.51 billion, a PE ratio of 22.07 and a beta of 1.18. International Speedway Corporation has a 52 week low of $30.05 and a 52 week high of $40.31.

International Speedway Corporation (NASDAQ:ISCA) last announced its earnings results on Monday, July 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.02. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The business had revenue of $165.30 million for the quarter, compared to analyst estimates of $166.79 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that International Speedway Corporation will post $1.54 EPS for the current fiscal year.

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A number of research analysts have commented on the stock. BidaskClub cut shares of International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. restated a “sell” rating and set a $30.00 price target (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.50.

In other 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 acquired at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the transaction, the director now owns 809 shares of the company’s stock, valued at approximately $27,336.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.06% of the company’s stock.

International Speedway Corporation Company Profile

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

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