Sci-tech

Would You Buy International Speedway Corporation (NASDAQ:ISCA) On These Analyst Ratings?

12/09/2013 - Speedway Motorsports, Inc. was upgraded to " by analysts at Thomson Reuters/Verus.

Other large investors have also recently modified their holdings of the company.

International Speedway Corporation, launched on May 7, 1953, is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The ratio is more positive, as 77 investment professionals started new or increased positions, while 55 sold and reduced their holdings in International Speedway Corp. Brandes Investment Partners LP now owns 64,298 shares of the company's stock worth $2,376,000 after buying an additional 550 shares in the last quarter. Two Sigma Investments LP raised its position in shares of International Speedway Corporation by 143.6% in the fourth quarter. Comerica Bank now owns 19,157 shares of the company's stock worth $720,000 after buying an additional 1,115 shares during the period. William Harris Investors Inc owns 264,891 shares or 2.81% of their U.S. portfolio. Finally, River Road Asset Management LLC raised its position in shares of International Speedway Corporation by 6.4% in the first quarter. The fund acquired 4,832 shares of the company's stock, valued at approximately $179,000.

Shares of International Speedway Corporation (ISCA) traded up 1.21% during mid-day trading on Monday, reaching $37.55. 219,575 shares of the stock traded hands.

Speedway Motorsports, Inc. has a 50 day moving average of 18.01 and a 200 day moving average of 19.32. The company has market cap of $1.53 billion. The stock's market capitalization is 1.51B, it has a 52-week low of 30.05 and a 52-week high of 40.31. The dividend payment was $0.150 per share for the quarter which is $0.60 annualized. The company had revenue of $165.30 million during the quarter, compared to analyst estimates of $166.79 million. International Speedway Corporation had a return on equity of 4.93% and a net margin of 11.67%. Next quarter's EPS is forecasted at $0.74 and the next full year EPS is projected to be $1.70. During the same quarter in the prior year, the business posted $0.29 earnings per share.

Equities researchers at Gabelli raised their FY2021 earnings per share (EPS) estimates for International Speedway Corporation in a report released on Wednesday. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of United States and worldwide copyright & trademark laws. The original version of this article can be read at https://transcriptdaily.com/2017/07/19/state-board-of-administration-of-florida-retirement-system-has-659000-position-in-international-speedway-corporation-isca-updated-updated-updated.html.

ILLEGAL ACTIVITY WARNING: "International Speedway Corporation (NASDAQ:ISCA) Shares Bought by TIAA CREF Investment Management LLC" was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. BidaskClub upgraded shares of International Speedway Corporation from a "strong sell" rating to a "sell" rating in a report on Friday, June 9th. Finally, Citigroup Inc. restated a "sell" rating and set a $30.00 price objective (down previously from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. The latest reports which are outstanding on Thursday 20th of July state 0 analysts have a rating of "strong buy", 0 analysts "buy", 3 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

Brokerages have set a 12 month consensus target price of $39.00 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks.

In related news, Director Hyatt J. Brown purchased 10,000 shares of International Speedway Corporation stock in a transaction that occurred on Wednesday, July 12th. Accern also gave headlines about the company an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the next few days. Morgan Stanley owns 343 shares with a value of $6,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.



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