Goldman Sachs Group Inc. lessened its stake in shares of International Speedway Corporation (NASDAQ:ISCA) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,674 shares of the company’s stock after selling 113,580 shares during the quarter. Goldman Sachs Group Inc. owned 1.36% of International Speedway Corporation worth $12,718,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ISCA. Northwestern Mutual Investment Management Company LLC boosted its stake in International Speedway Corporation by 5.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock worth $153,000 after buying an additional 217 shares during the period. Victory Capital Management Inc. purchased a new position in International Speedway Corporation during the first quarter worth about $179,000. Oxford Asset Management purchased a new position in International Speedway Corporation during the first quarter worth about $220,000. Louisiana State Employees Retirement System boosted its stake in International Speedway Corporation by 3.1% during the second quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock worth $248,000 after buying an additional 200 shares during the period. Finally, SG Americas Securities LLC boosted its stake in International Speedway Corporation by 65.1% during the first quarter. SG Americas Securities LLC now owns 10,070 shares of the company’s stock worth $372,000 after buying an additional 3,971 shares during the period. 50.71% of the stock is owned by institutional investors.
ISCA has been the subject of several research analyst reports. Zacks Investment Research raised shares of International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, July 7th. Citigroup Inc. reaffirmed a “sell” rating and set a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Finally, BidaskClub lowered shares of International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. International Speedway Corporation has a consensus rating of “Hold” and a consensus price target of $38.50.
International Speedway Corporation (NASDAQ:ISCA) opened at 39.30 on Wednesday. International Speedway Corporation has a 52 week low of $30.30 and a 52 week high of $40.31. The firm’s 50-day moving average is $36.17 and its 200 day moving average is $36.01. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 25.74 and a beta of 1.15.
International Speedway Corporation (NASDAQ:ISCA) last posted its quarterly earnings data on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. International Speedway Corporation had a net margin of 10.07% and a return on equity of 5.05%. The company had revenue of $131.90 million during the quarter, compared to the consensus estimate of $128.82 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that International Speedway Corporation will post $1.57 EPS for the current year.
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International Speedway Corporation Profile
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