SEC Insider Narrative: Amelia Bates Acquired 45 Shares of International Speedway Corp (NASDAQ:ISCA)

November 28, 2016 - By Marie Mckinney

SEC Insider Narrative: Amelia Bates Acquired 45 Shares of International Speedway Corp (NASDAQ:ISCA)

Amelia Bates Insider Buy

As disclosed in an electronic form that was filled with the SEC on November 28, 2016, Amelia Bates an insider in International Speedway Corp and currently major shareholder, invested in shares worth $1,684 USD in the Florida-based company. She acquired 45 new shares, at average $37.4 per share. She also acquired 53 shares with a market value $1,948 USD in the last month. Mr. Amelia today has 203,016 shares, accounting 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 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.

Goldman Sachs Gp last reported 92,166 shares in the company. The Michigan-based Ls Inv Advisors Ltd Liability Company has invested 0% in International Speedway Corp (NASDAQ:ISCA). Nationwide Fund Advsrs has 68,801 shares for 0.01% of their US portfolio. Tiaa Cref Investment Management Lc holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 89,068 shares. Carroll Fin Associates, a North Carolina-based fund reported 260 shares. Retirement Systems Of Alabama has 34,219 shares for 0.01% of their US portfolio. State Street Corporation has 832,582 shares for 0% of their US portfolio. Invesco Ltd has 26,786 shares for 0% of their US portfolio. Weaver C Barksdale And Associate Inc, a Tennessee-based fund reported 94 shares. The New York-based Tower Capital Ltd Co (Trc) has invested 0% in International Speedway Corp (NASDAQ:ISCA). State Bank Of America Corp De holds 0% or 6,517 shares in its portfolio. Principal Fincl Gru Incorporated last reported 96,617 shares in the company. Moreover, Macquarie Group Inc Ltd has 0.06% invested in International Speedway Corp (NASDAQ:ISCA) for 929,886 shares. First Trust Advisors Lp holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 34,163 shares. Schwab Charles Invest Mgmt, a California-based fund reported 131,679 shares.

Insider Transactions: Since July 1, 2016, the stock had 58 insider purchases, and 1 sale for $731,930 net activity. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares were bought by FRANCE SHARON M. BROWN HYATT J also bought $337,058 worth of International Speedway Corp (NASDAQ:ISCA) on Wednesday, July 6. 53 shares were bought by CARL TWO LLC, worth $1,948 on Monday, November 14. 53 shares were bought by WESTERN OPPORTUNITY LTD PARTNERSHIP, worth $1,948. 53 International Speedway Corp (NASDAQ:ISCA) shares with value of $1,948 were bought by WCF Silver State Limited Partnership. The insider Bates Amelia Lee bought $203. Another trade for 53 shares valued at $1,948 was made by SM HOLDER CO on Monday, November 14.

About 38,850 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 $35.57M 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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