Insider Filings: Is International Speedway Corp (NASDAQ:ISCA) Stock a Buy after Bbl L P’s Insider Purchase?

November 28, 2016 - By Peter Kolinski

Insider Filings: Is International Speedway Corp (NASDAQ:ISCA) Stock a Buy after Bbl L P's Insider Purchase?

Bbl L P Insider Buy

It was announced in a form that was filled with the (SEC) that Bbl L P, which is an insider in International Speedway Corp, did an insider purchase on 28-11-2016. Bbl L P made a purchase of 45 shares of the Pinksheet-listed company based on a stock price of $37.4 USD for every share. According to the electronic report available at the SEC website here, the full amount of the purchase was $1,684 USD. Right now, Bbl L P owns 579,961 shares which make up roughly 10%+ of International Speedway Corp’s market cap (total dollar market value of all company’s outstanding shares).

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.

Moreover, Prudential Inc has 0.01% invested in International Speedway Corp (NASDAQ:ISCA) for 219,814 shares. Ny State Common Retirement Fund, a New York-based fund reported 27,700 shares. Pine River Cap Management L P holds 0.01% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 27,711 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). California Public Employees Retirement System last reported 0% of its portfolio in the stock. Us Commercial Bank De reported 200 shares or 0% of all its holdings. Invesco Ltd owns 26,786 shares or 0% of their US portfolio. Teachers Advsr Incorporated, a New York-based fund reported 42,345 shares. Piermont Capital Management holds 49,634 shares or 0.43% of its portfolio. Wellington Mgmt Grp Limited Liability Partnership reported 259,842 shares or 0% of all its holdings. Gemmer Asset Mgmt Ltd Company, a California-based fund reported 72 shares. Marshall Wace Ltd Liability Partnership has 13,288 shares for 0% of their US portfolio. The Illinois-based First Trust Advsrs Lp has invested 0% in International Speedway Corp (NASDAQ:ISCA). Nuveen Asset Mngmt Ltd Llc has 0% invested in the company for 13,079 shares. Ameritas Prns owns 6,291 shares or 0.01% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 58 insider buys, and 1 sale for $731,930 net activity. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares were bought by J HOLDER L P. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) was bought by BBL L P on Monday, November 14. 53 shares with value of $1,948 were bought by France Lauren Dare on Monday, November 14. 6 shares were bought by WCF Silver State Limited Partnership, worth $203 on Friday, July 1. 53 shares were bought by ASHLEY DALLAS STEVEN, worth $1,948 on Monday, November 14. FRANCE SHARON M bought 53 shares worth $1,948. Another trade for 6 shares valued at $203 was bought by WCF Nevada – LLC.

About 39,050 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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