Insider: William France just Bought 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

November 28, 2016 - By Marguerite Chambers

Insider: William France just Bought 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

William France Insider Buy

As shown in a legal report that has been filled with the DC-based SEC on 28-11-2016, William France an insider in International Speedway Corp and currently major shareholder, obtained shares worth $1,684 U.S Dollars in the company. He acquired 45 new shares, at average $37.4 per share. In the last month, he also purchased 53 shares that are worth $1,948 USD. Currently, Mr. William, owns 196,782 shares, which accounts for 10%+ of the company’s market cap.

Insitutional Activity: The institutional sentiment is 1.1 in Q2 2016. 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.

Ariel Ltd holds 3.92 million shares or 1.65% of its portfolio. Parkside Bankshares & reported 462 shares or 0.01% of all its holdings. Boyar Asset Management has invested 0.68% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Oregon Employees Retirement Fund has invested 0.01% of its portfolio in International Speedway Corp (NASDAQ:ISCA). First Trust Limited Partnership has 34,163 shares for 0% of their US portfolio. Renaissance Technology Limited Com last reported 392,666 shares in the company. Bartlett & Lc accumulated 400 shares or 0% of the stock. State Treasurer State Of Michigan has 10,650 shares for 0% of their US portfolio. Claar Limited Liability Corp, a New York-based fund reported 73,118 shares. Marshall Wace Limited Liability Partnership has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Deutsche Bancorporation Ag last reported 16,299 shares in the company. Menta Cap Ltd holds 0.17% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 36,209 shares. Pnc Fincl Serv Grp Inc accumulated 0% or 1,571 shares. Vanguard Incorporated has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 717 shares.

Insider Transactions: Since July 1, 2016, the stock had 78 insider buys, and 1 insider sale for $765,610 net activity. Bates Amelia Lee had bought 6 shares worth $203 on Friday, July 1. William C. France Family Trust dated November 4 – 2004 bought $203 worth of stock. FRANCE JENNIFER A also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares. 45 shares were bought by AL HOLDER L P, worth $1,684. The insider CARL TWO LLC bought 53 shares worth $1,948. 45 shares with value of $1,684 were bought by ASHLEY DALLAS STEVEN on Wednesday, November 23. 6 shares with value of $203 were bought by WCF Silver State Limited Partnership on Friday, July 1.

About 39,622 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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