Insiders Don’t Lie: Meadow France Purchased $1684 Worth of International Speedway Corp (NASDAQ:ISCA) Shares

November 28, 2016 - By Clifton Ray

Insiders Don't Lie: Meadow France Purchased $1684 Worth of International Speedway Corp (NASDAQ:ISCA) Shares

Meadow France Insider Buy

Meadow France, major shareholder of International Speedway Corp, in an insider trade purchased some 45 shares whose sum is estimated to be $1,684 at average stock price of $37.4. She also purchased 53 shares with a total value of about $1,948 USD in the last 30 days. Currently, Mr. Meadow, owns 193,552 shares, which accounts for 10%+ of the Company’s market capitalization.

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

Bartlett & Ltd last reported 400 shares in the company. Aqr Mgmt Ltd Liability Corp owns 10,845 shares or 0% of their US portfolio. Us Natl Bank De holds 0% or 200 shares in its portfolio. Weik Services, a Pennsylvania-based fund reported 10,050 shares. Mutual Of America Cap Mngmt Ltd Co last reported 19,514 shares in the company. Massmutual Trust Fsb Adv owns 10 shares or 0% of their US portfolio. Moreover, Federated Inc Pa has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 12,483 shares. Deutsche Fincl Bank Ag has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Legal General Public Lc accumulated 0% or 8,423 shares. Millennium Mngmt Limited Liability Corporation reported 67,423 shares or 0.01% of all its holdings. William Harris Investors last reported 3.08% of its portfolio in the stock. California Employees Retirement holds 82,200 shares or 0% of its portfolio. Blackrock holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 17,770 shares. State Treasurer State Of Michigan has 0% invested in the company for 10,650 shares. The Massachusetts-based Hall Laurie J Trustee has invested 0% in International Speedway Corp (NASDAQ:ISCA).

Insider Transactions: Since July 1, 2016, the stock had 78 buys, and 1 sale for $765,610 net activity. France Meadow Jane bought $203 worth of International Speedway Corp (NASDAQ:ISCA) on Friday, July 1. Bates Madeline Gray bought $203 worth of stock or 6 shares. CROTTY W GARRETT sold $3,391 worth of stock. Shares for $1,948 were bought by Carl Three LLC. The insider BBL CO bought $1,948. $1,684 worth of International Speedway Corp (NASDAQ:ISCA) shares were bought by CARL TWO LP. Shares for $1,684 were bought by Bates Amelia Lee.

About 39,822 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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