Insider Worth Mentioning: Benjamin Kennedy, International Speedway Corp (NASDAQ:ISCA)’s insider Acquired 45 Shares

November 28, 2016 - By Marie Mckinney

Insider Worth Mentioning: Benjamin Kennedy, International Speedway Corp (NASDAQ:ISCA)'s insider Acquired 45 Shares

Benjamin Kennedy Insider Buy

The major shareholder of International Speedway Corp, Benjamin Kennedy lately invested precisely $1,684 USD for 45 shares in the International Speedway Corp firm at an approx. $37.4 for a share. Benjamin is trying to silently increase his company’s share, same as he did in the last 30 days. He obtained another 53 shares worth $1,948 USD. Benjamin now holds 479,953 shares accounting for 10%+ of the Company’s market cap This investment took place on 28/11/2016. A legal form which was filed with the U.S. SEC and is at your disposal here, provides extra info for the investment.

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.

State Treasurer State Of Michigan accumulated 10,650 shares or 0% of the stock. Blackrock Group has 42,188 shares for 0% of their US portfolio. Piermont Management Incorporated last reported 0.43% of its portfolio in the stock. Bank & Trust Of Ny Mellon holds 299,479 shares or 0% of its portfolio. Advantus Mgmt owns 3,212 shares or 0% of their US portfolio. Ameritas Inv Prtn Inc has 0.01% invested in the company for 6,291 shares. Teacher Retirement Of Texas has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Reinhart Prtn accumulated 53,511 shares or 0.18% of the stock. Moreover, Commercial Bank Of America Corp De has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 6,517 shares. Gamco Et Al has 125,000 shares for 0.03% of their US portfolio. Amer Interest Gru holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 65,681 shares. Metropolitan Life Insur Company Ny has 43,516 shares for 0.01% of their US portfolio. Principal Financial Group has 96,617 shares for 0% of their US portfolio. Mark Sheptoff Fincl Planning Limited Liability Co has invested 0.01% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Balyasny Asset Mngmt Ltd reported 6,058 shares or 0% of all its holdings.

Insider Transactions: Since July 1, 2016, the stock had 78 insider buys, and 1 sale for $765,610 net activity. Another trade for 45 shares valued at $1,684 was made by Bates Elizabeth Anne on Wednesday, November 23. $1,948 worth of shares were bought by France Meadow Jane on Monday, November 14. $1,684 worth of International Speedway Corp (NASDAQ:ISCA) was bought by AL HOLDER CO on Wednesday, November 23. The insider Carl Three LP bought $1,684. 45 shares with value of $1,684 were bought by CARL TWO LLC on Wednesday, November 23. The insider WCF Silver State Limited Partnership bought $1,948. WCF Nevada – LLC bought 6 shares worth $203.

About 46,426 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 EPS, 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 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.

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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