November 28, 2016 - By whatsonthorold
The major shareholder of International Speedway Corp and company’s insider Investment Principal picked up 45 shares of the corporation calculated based on the stock price per share of $37.4 for each share. The shares approximately $1,684 USD. Investment is trying to increase his company’s share, same as he did in the last month. He acquired another 53 shares worth $1,948 USD. The probability of this trade staying hidden is very low, with the major shareholder today holding 264,442 shares — that is 10%+ of the total market cap of the Company. The date of transaction was 28/11/2016, and it was disclosed in a SEC-filed report, which you can see here.
Insitutional Activity: The institutional sentiment is 1.1 in 2016 Q2. Its the same as in 2016Q1. The ratio has no 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.
Boyar Asset Mgmt reported 25,499 shares or 0.68% of all its holdings. Pine River Capital Lp owns 27,711 shares or 0.01% of their US portfolio. Creative Planning reported 150 shares or 0% of all its holdings. Blackrock Advsrs Lc accumulated 12,682 shares or 0% of the stock. Axa, a France-based fund reported 2,600 shares. Mercer Capital Advisers holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 40 shares. Sei Investments has 1 shares for 0% of their US portfolio. Oakworth Capital Inc has 0% invested in the company for 18 shares. Blackrock Institutional Na holds 777,319 shares or 0% of its portfolio. State Common Retirement Fund holds 0% or 27,700 shares in its portfolio. State Street, a Massachusetts-based fund reported 832,582 shares. California Employees Retirement holds 0% or 82,200 shares in its portfolio. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Blackrock Fund Advisors accumulated 1.28 million shares or 0.01% of the stock. Mark Sheptoff Planning Ltd Liability has 0.01% invested in the company for 400 shares.
Insider Transactions: Since July 1, 2016, the stock had 78 insider buys, and 1 insider sale for $765,610 net activity. Another trade for 53 shares valued at $1,948 was bought by AL HOLDER CO. $203 worth of shares were bought by WCF Nevada – LLC on Friday, July 1. $1,684 worth of International Speedway Corp (NASDAQ:ISCA) was bought by Bates Elizabeth Anne. $203 worth of International Speedway Corp (NASDAQ:ISCA) shares were bought by France William Carter. $1,948 worth of shares were bought by Bates Madeline Gray on Monday, November 14. $203 worth of International Speedway Corp (NASDAQ:ISCA) was bought by Bates Amelia Lee on Friday, July 1. FRANCE AMY L had bought 45 shares worth $1,684.
About 45,464 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 22.91 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 $35.54M for 12.03 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.
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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