Insder Trading Filing: Research Automotive, major shareholder of International Speedway Corp (NASDAQ:ISCA) Just Purchased Shares

November 28, 2016 - By Hazel Jackson

Insder Trading Filing: Research Automotive, major shareholder of International Speedway Corp (NASDAQ:ISCA) Just Purchased Shares

Research Automotive Insider Buy

Research Automotive; that is an insider in International Speedway Corp who is the latest to purchase shares in the company for which he serves as a major shareholder. Research not a long ago bought 45 shares of the company, with market value around $1,684 U.S. Dollars, that is a price-per-share of precisely $37.4. This is not his first insider trade, in the last 30 days, he purchased another 53 shares worth $1,948 USD. Currently, Mr. Research, has in hand 271,745 shares, which accounts for 10%+ of the Company’s market capitalization.

Insitutional Activity: The institutional sentiment is 1.1 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 11 funds sold all International Speedway Corp shares owned while 49 reduced positions. only 15 funds bought stakes while 51 increased positions. They now own 23.44 million shares or 2.91% less from 24.14 million shares in 2016Q1.

Alliancebernstein L P holds 0% or 49,349 shares in its portfolio. Reinhart Partners owns 53,511 shares or 0.18% of their US portfolio. Guggenheim Limited Com holds 0.01% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 59,046 shares. Rhumbline Advisers has 54,769 shares for 0.01% of their US portfolio. Vanguard Group has 2.08 million shares for 0% of their US portfolio. Centaur Capital Prns L P holds 5.21% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 107,500 shares. Citigroup Inc holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 8,889 shares. Moreover, Asset Mngmt has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 700 shares. Wells Fargo Mn holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 23,025 shares. First Tru Advsr L P has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Cornerstone Advisors Incorporated accumulated 100 shares or 0% of the stock. State Bank Of America Corporation De accumulated 6,517 shares or 0% of the stock. Teachers Retirement System Of The State Of Kentucky owns 4,800 shares or 0% of their US portfolio. Westwood Group Inc holds 0.1% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 342,171 shares. Ameriprise holds 174,454 shares or 0% of its portfolio.

Insider Transactions: Since July 1, 2016, the stock had 58 insider purchases, and 1 sale for $731,930 net activity. FRANCE BETTY JANE also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares. WCF FAMILY 1 INC also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. France William Carter bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. FRANCE SHARON M had bought 53 shares worth $1,948 on Monday, November 14. Bates Elizabeth Anne bought 53 shares worth $1,948. On Friday, July 1 Bates Amelia Lee bought $203 worth of the stock or 6 shares. Shares for $1,948 were bought by WCF Nevada – LLC.

About 38,850 shares traded hands. International Speedway Corp (NASDAQ:ISCA) has risen 11.55% since April 25, 2016 and is uptrending. It has outperformed by 5.54% the S&P500.

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The company has a market cap of $1.71 billion. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. It has a 22.89 P/E ratio. The Company’s motorsports themed event activities consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing Sprint Cup Series events.

According to Zacks Investment Research, “International Speedway Corporation’s operations consist principally of racing events at its motorsports facilities, which generate revenue primarily through sales of admissions to racing events, television broadcast rights fees, sponsorship fees, hospitality rentals, royalties from licenses of trademarks and provides catering, souvenir and food concession services at certain facilities.”

Analysts await International Speedway Corp (NASDAQ:ISCA) to report earnings on January, 24. They expect $0.78 EPS, up 5.41% or $0.04 from last year’s $0.74 per share. ISCA’s profit will be $35.57 million for 12.02 P/E if the $0.78 EPS becomes a reality. After $0.03 actual EPS reported by International Speedway Corp for the previous quarter, Wall Street now forecasts 2,500.00% EPS growth.

More important recent International Speedway Corp (NASDAQ:ISCA) news were published by: Reuters.com which released: “BRIEF-International Speedway Corp announces amendment to share repurchase ..” on November 10, 2016, also Forbes.com published article titled: “Lesa France Kennedy, International Speedway Corporation Debut $400 Million ..”, Globenewswire.com published: “International Speedway Corporation Third Quarter 2016 Financial Results ..” on October 05, 2016. More interesting news about International Speedway Corp (NASDAQ:ISCA) was released by: Bizjournals.com and their article: “International Speedway Corp. sees drop in 2Q revenue” with publication date: July 02, 2015.

ISCA Company Profile

International Speedway Corporation, incorporated on May 7, 1953, is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. The Company’s motorsports themed event activities consist of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events except for catering, and food and beverage concessions at Chicagoland and Route 66. The Firm has approximately 763,500 grandstand seats and over 550 suites.

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