Insider Activity: Why Jayce France Acquires 45 Shares of International Speedway Corp (NASDAQ:ISCA)?

November 28, 2016 - By Vivian Park

Insider Activity: Why Jayce France Acquires 45 Shares of International Speedway Corp (NASDAQ:ISCA)?

Jayce France Insider Buy

It was shown in a report that has been filled with the Washington-based Security and Exchange Commission that Jayce France, who works for International Speedway Corp, and serves as major shareholder did an insider purchase on 28-11-2016. He bought 45 shares of the Florida-based company based on a market stock price of $37.4 U.S. Dollars per each share. As revealed in the legal form available here, the full amount of the purchase was $1,684 U.S. Dollars. He also acquired 53 shares that are worth approx $1,948 USD in the last 30 days. Mr. Jayce currently has rights to 211,309 shares, accounting for 10%+ of the company’s stock market cap.

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.

Legal And General Grp Incorporated Public Ltd Com has 8,423 shares for 0% of their US portfolio. St Johns Invest Mngmt Limited Liability Corp holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 100 shares. Weik Inv Svcs Inc has 0.2% invested in the company for 10,050 shares. Ls Advsr Limited holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 1,598 shares. Guggenheim Ltd owns 59,046 shares or 0.01% of their US portfolio. Bartlett & Ltd Liability has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Ladenburg Thalmann Financial accumulated 1,142 shares or 0% of the stock. Gemmer Asset Ltd Limited Liability Company last reported 0% of its portfolio in the stock. State Teachers Retirement has 53,213 shares for 0% of their US portfolio. The Texas-based United Services Automobile Association has invested 0% in International Speedway Corp (NASDAQ:ISCA). Teachers Retirement System Of The State Of Kentucky accumulated 4,800 shares or 0% of the stock. Panagora Asset Management, a Massachusetts-based fund reported 1,629 shares. Great West Life Assurance Communication Can accumulated 0% or 2,604 shares. Park West Asset Management Ltd Limited Liability Company has 0.72% invested in the company for 212,630 shares. Proshare Advsrs Limited Liability owns 61,569 shares or 0.03% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 78 buys, and 1 insider sale for $765,610 net activity. ASHLEY DALLAS STEVEN also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) was bought by Helton Richard Kole. Another trade for 6 shares valued at $203 was bought by FRANCE BRIAN Z. 53 International Speedway Corp (NASDAQ:ISCA) shares with value of $1,948 were bought by William C. France Family Trust dated November 4 – 2004. The insider FRANCE AMY L bought $1,948. Another trade for 53 shares valued at $1,948 was bought by JA HOLDER CO. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) was bought by BBL L P.

About 39,822 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 $35.57 million 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 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 the news titled: “Lesa France Kennedy, International Speedway Corporation Debut $400 Million ..” on February 19, 2016. Bizjournals.com‘s news article titled: “International Speedway Corp. sees drop in 2Q revenue” with publication date: July 02, 2015 was also an interesting one.

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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