SEC Insider Narrative: Bbl just Invested in 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

November 28, 2016 - By Vivian Park

SEC Insider Narrative:  Bbl just Invested in 45 shares of International Speedway Corp (NASDAQ:ISCA), be careful if you are short!

Bbl Insider Buy

Today, an insider trading deal was made. Bbl, the major shareholder and an insider of International Speedway Corp obtained exactly 45 shares of International Speedway Corp, worth approx. $1,684 U.S Dollars, at $37.4 for each share at the time of the deal. In the last month, he also obtained 53 shares that are worth approx $1,948 USD. This trade, which was filled on 28-11-2016 was unveiled in a Form 4 with the Washington-based Security and Exchange Commission. Now, Bbl owns 198,988 shares which are around 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 flat, 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.

Smithfield Tru Com holds 150 shares or 0% of its portfolio. Marshall Wace Ltd Liability Partnership has 0% invested in the company for 13,288 shares. Texas Permanent School Fund last reported 20,284 shares in the company. Tfs Capital Limited Liability Corp, a Pennsylvania-based fund reported 39,835 shares. Credit Suisse Ag owns 36,513 shares or 0% of their US portfolio. Cornerstone Advisors reported 100 shares or 0% of all its holdings. Alliancebernstein Lp last reported 49,349 shares in the company. Advantus Cap Mngmt accumulated 3,212 shares or 0% of the stock. Ny State Teachers Retirement System last reported 53,213 shares in the company. Parkside Commercial Bank Tru reported 462 shares or 0.01% of all its holdings. Moreover, Geode Mgmt Ltd has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 192,275 shares. Brandes Invest Partners Limited Partnership has 0.01% invested in the company for 28,475 shares. Price T Rowe Assocs Md has 6,945 shares for 0% of their US portfolio. Moreover, Ameriprise has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 174,454 shares. Teachers Retirement Systems Of The State Of Kentucky has 4,800 shares for 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 58 insider buys, and 1 insider sale for $731,930 net activity. BBL CO bought $1,948 worth of stock or 53 shares. JA HOLDER LIMITED PARTNERSHIP bought $1,948 worth of stock or 53 shares. $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares were bought by France Meadow Jane. 53 shares were bought by FRANCE JAMES C, worth $1,948. Bates Amelia Lee had bought 6 shares worth $203. 6 shares were bought by WCF Silver State Limited Partnership, worth $203 on Friday, July 1. $1,948 worth of shares were bought by SM HOLDER CO on Monday, November 14.

About 37,095 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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