International Speedway Corporation (ISCA) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in shares of International Speedway Corporation (NASDAQ:ISCA) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,503 shares of the company’s stock after purchasing an additional 5,959 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.37% of International Speedway Corporation worth $6,140,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of International Speedway Corporation by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 417,858 shares of the company’s stock worth $15,441,000 after purchasing an additional 40,014 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of International Speedway Corporation by 6.8% during the first quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock worth $5,320,000 after purchasing an additional 9,192 shares during the period. Wellington Management Group LLP raised its position in shares of International Speedway Corporation by 71.0% during the first quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock worth $1,609,000 after purchasing an additional 18,088 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of International Speedway Corporation during the first quarter worth $179,000. Finally, Ameriprise Financial Inc. raised its position in shares of International Speedway Corporation by 5.8% during the first quarter. Ameriprise Financial Inc. now owns 165,752 shares of the company’s stock worth $6,125,000 after purchasing an additional 9,040 shares during the period. 50.71% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “International Speedway Corporation (ISCA) Stake Raised by Schwab Charles Investment Management Inc.” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://sportsperspectives.com/2017/10/11/international-speedway-corporation-isca-stake-raised-by-schwab-charles-investment-management-inc.html.

A number of brokerages have recently issued reports on ISCA. Zacks Investment Research raised International Speedway Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday. Citigroup Inc. reaffirmed a “sell” rating and set a $31.00 target price (up from $30.00) on shares of International Speedway Corporation in a research report on Monday. Finally, BidaskClub raised International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. International Speedway Corporation has a consensus rating of “Hold” and an average target price of $38.50.

Shares of International Speedway Corporation (ISCA) opened at 39.55 on Wednesday. International Speedway Corporation has a 12 month low of $30.05 and a 12 month high of $40.31. The stock’s 50 day moving average price is $35.75 and its 200-day moving average price is $35.94. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.90 and a beta of 1.15.

International Speedway Corporation (NASDAQ:ISCA) last issued its quarterly earnings data on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. International Speedway Corporation had a return on equity of 4.86% and a net margin of 10.07%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. On average, equities research analysts predict that International Speedway Corporation will post $1.57 EPS for the current fiscal year.

International Speedway Corporation Profile

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

Receive News & Ratings for International Speedway Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply