SEC Insider Narrative: What after Lesa Kennedy’s Insider Acquisition of International Speedway Corp (NASDAQ:ISCA) Stock?

November 28, 2016 - By Nellie Frank

SEC Insider Narrative: What after Lesa Kennedy's Insider Acquisition of International Speedway Corp (NASDAQ:ISCA) Stock?

Lesa Kennedy Insider Buy

Director Lesa Kennedy of International Speedway Corp, obtained some 45 of the firm shares worth near $1,684 USD with an average of $37.4 per share. In the last 30 days, she also purchased 53 shares worth approximately $1,948 USD. Lesa Kennedy currently has ownership of 839,236 shares which are roughly 10%+ of the Florida-Company’s market cap (total dollar market value of all company’s outstanding shares).

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.

Blackrock Advsrs Limited Liability Corp owns 12,682 shares or 0% of their US portfolio. Tfs Cap Ltd Liability Corporation accumulated 39,835 shares or 0.24% of the stock. State Street Corp last reported 832,582 shares in the company. Swiss Bank & Trust reported 43,500 shares or 0% of all its holdings. Goldman Sachs Gru reported 92,166 shares or 0% of all its holdings. Teachers Advisors Inc holds 42,345 shares or 0% of its portfolio. Weik Svcs Inc holds 0.2% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 10,050 shares. Centaur Lp accumulated 107,500 shares or 5.21% of the stock. Arizona State Retirement Sys owns 10,407 shares or 0% of their US portfolio. Moreover, Ameritas Invest Prtn has 0.01% invested in International Speedway Corp (NASDAQ:ISCA) for 6,291 shares. Meeder Asset Mngmt has 0.05% invested in the company for 16,799 shares. Carroll Financial Associates Incorporated has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Zurcher Kantonalbank (Zurich Cantonalbank) has 717 shares for 0% of their US portfolio. Wellington Grp Llp owns 259,842 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement System has 14,161 shares for 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 78 insider purchases, and 1 insider sale for $765,610 net activity. 53 shares were bought by JA HOLDER LIMITED PARTNERSHIP, worth $1,948. $1,684 worth of International Speedway Corp (NASDAQ:ISCA) was bought by BBL CO on Wednesday, November 23. Helton Richard Kole had bought 53 shares worth $1,948 on Monday, November 14. FRANCE JENNIFER A bought $1,684 worth of stock. Another trade for 45 shares valued at $1,684 was made by CARL TWO LP on Wednesday, November 23. AL HOLDER CO also bought $1,684 worth of International Speedway Corp (NASDAQ:ISCA) on Wednesday, November 23. On Friday, July 1 the insider France Meadow Jane bought $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 22.91 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 $35.54M for 12.03 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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