Several other equities analysts have also commented on the company. ValuEngine upgraded International Speedway from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded International Speedway from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.00.
International Speedway stock opened at $45.25 on Tuesday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 7.57 and a beta of 0.77. International Speedway has a 52 week low of $35.12 and a 52 week high of $49.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.15.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new stake in International Speedway during the fourth quarter worth about $30,000. Quadrant Capital Group LLC increased its stake in International Speedway by 2,997.4% during the first quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock worth $49,000 after acquiring an additional 1,139 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in International Speedway by 18.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock worth $84,000 after acquiring an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in International Speedway by 17.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,312 shares of the company’s stock worth $188,000 after acquiring an additional 635 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in International Speedway during the first quarter worth about $201,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.
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.
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