Insider Action: Elizabeth Bates just Obtained 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

November 28, 2016 - By Darrin Black

Insider Action: Elizabeth Bates just Obtained 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

Elizabeth Bates Insider Buy

Because of the trade Elizabeth Bates made she is in the insider trading spotlight today. The major shareholder of International Speedway Corp and an insider, made a purchase of 45 shares worth $1,684 US Dollars. The average cost was $37.4 per share. She also obtained 53 shares with a total value $1,948 USD in the last month. Elizabeth Bates owns 10%+ of the -company’s market cap or 203,016 shares. This trade was reported on 28/11/2016 and is already filed with the (SEC). The original Form 4 is available for free to the public here.

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.

Bnp Paribas Arbitrage last reported 12,459 shares in the company. The Kentucky-based River Road Asset Mngmt Llc has invested 0.74% in International Speedway Corp (NASDAQ:ISCA). Gemmer Asset Limited Co holds 0% or 72 shares in its portfolio. The Pennsylvania-based Weik Inv Service has invested 0.2% in International Speedway Corp (NASDAQ:ISCA). Royal State Bank Of Canada holds 0% or 1,522 shares in its portfolio. Moreover, Citadel Advsr Limited Liability has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 18,646 shares. Moreover, Prudential Inc has 0.01% invested in International Speedway Corp (NASDAQ:ISCA) for 219,814 shares. Lindsell Train Ltd holds 0.85% or 465,200 shares in its portfolio. William Harris Investors Inc accumulated 367,189 shares or 3.08% of the stock. Mercer Advisers Inc, a New Jersey-based fund reported 40 shares. Invesco Limited holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 26,786 shares. The New York-based Gamco Incorporated Et Al has invested 0.03% in International Speedway Corp (NASDAQ:ISCA). Blackrock accumulated 0% or 42,188 shares. Blackrock has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Brandes Inv L P last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since July 1, 2016, the stock had 58 buys, and 1 insider sale for $731,930 net activity. Another trade for 6 shares valued at $203 was made by France Meadow Jane on Friday, July 1. Another trade for 53 shares valued at $1,948 was made by WCF Silver State Limited Partnership on Monday, November 14. $1,948 worth of shares were bought by CARL TWO LLC on Monday, November 14. Shares for $1,948 were bought by France Lauren Dare. The insider France William Carter bought 6 shares worth $203. 6 shares with value of $203 were bought by Bates Madeline Gray on Friday, July 1. Bates Amelia Lee bought $203 worth of International Speedway Corp (NASDAQ:ISCA) on Friday, July 1.

About 38,796 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 earnings per share, up 5.41% or $0.04 from last year’s $0.74 per share. ISCA’s profit will be $35.57M for 12.02 P/E if the $0.78 EPS becomes a reality. After $0.03 actual earnings per share 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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