Insider Holder Move: Is International Speedway Corp (NASDAQ:ISCA) Stock a Buy after Al Holder L P’s Insider Transaction?

November 28, 2016 - By Marie Mckinney

Insider Holder Move: Is International Speedway Corp (NASDAQ:ISCA) Stock a Buy after Al Holder L P's Insider Transaction?

Al Holder L P Insider Buy

45 shares of International Speedway Corp were obtained by Al Holder L P, a corporation’s insider. The bought shares are valued at about $1,684 which has been calculated based on the average transactions’ share price of $37.4. Al Holder L P at present has 10%+ of the company’s total market capitalization with ownership of 526,676 shares.  The stock acquisition by Al Holder L P – was dated on 28-11-2016 and unveiled in a SEC’s Form 4 available here.

Insitutional Activity: The institutional sentiment is 1.1 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, 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.

The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0% in International Speedway Corp (NASDAQ:ISCA). Ladenburg Thalmann Financial Service owns 1,142 shares or 0% of their US portfolio. California Pub Employees Retirement Sys has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Sg Americas Securities Limited Co holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 10,046 shares. Ls Investment Advsr Limited Liability Corporation holds 0% or 1,598 shares in its portfolio. Retirement Of Alabama holds 34,219 shares or 0.01% of its portfolio. William Harris last reported 3.08% of its portfolio in the stock. Oregon Pub Employees Retirement Fund reported 9,343 shares or 0.01% of all its holdings. Massachusetts Finance Service Company Ma has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Blackrock Invest Limited Liability Company last reported 175,724 shares in the company. Citadel Advsr Lc holds 0% or 18,646 shares in its portfolio. Sei Invests reported 1 shares or 0% of all its holdings. Moreover, Westwood Holding Group has 0.1% invested in International Speedway Corp (NASDAQ:ISCA) for 342,171 shares. Us Savings Bank De holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 200 shares. Axa owns 2,600 shares or 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 58 insider purchases, and 1 sale for $731,930 net activity. WCF FAMILY 1 INC bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. 6 shares with value of $203 were bought by France Luke Zachary on Friday, July 1. 6 shares were bought by Bates Amelia Lee, worth $203. The insider Helton Richard Kole bought 6 shares worth $203. On Monday, November 14 the insider BBL L P bought $1,948. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) was bought by France Jayce Camron on Monday, November 14. $1,948 worth of shares were bought by CARL TWO LP on Monday, November 14.

About 31,626 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 $1.70 billion. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. It has a 22.83 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 $35.45M for 11.99 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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