Significant Insider Change: Why Carl Three Llc Bought 45 Stock of International Speedway Corp (NASDAQ:ISCA)?

November 28, 2016 - By Ruchi Gupta

Significant Insider Change: Why Carl Three Llc Bought 45 Stock of International Speedway Corp (NASDAQ:ISCA)?

Carl Three Llc Insider Buy

An insider of the company International Speedway Corp, Carl Three Llc, disclosed investment activities with the U.S. SEC on November 28, 2016. As revealed in the document, Carl Three Llc had purchased 45 shares of the public firm. The total insider investment was worth $1,684 U.S Dollars. At the time of the purchase the price of a share was $37.4. Presently, Carl Three Llc holds a total of 192,992 shares or 10%+ of the Company’s total 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.

Ls Investment Ltd last reported 1,598 shares in the company. Teacher Retirement System Of Texas owns 14,383 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 717 shares. Goldman Sachs Grp owns 92,166 shares or 0% of their US portfolio. The Florida-based Ladenburg Thalmann Finance Inc has invested 0% in International Speedway Corp (NASDAQ:ISCA). Moreover, Virginia Retirement System Et Al has 0.02% invested in International Speedway Corp (NASDAQ:ISCA) for 36,000 shares. Moreover, Swiss National Bank has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 43,500 shares. Trexquant Inv Limited Partnership holds 0.03% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 6,200 shares. Morgan Stanley holds 0% or 217,400 shares in its portfolio. Utd Automobile Association holds 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA) for 29,440 shares. Jpmorgan Chase & has 0% invested in the company for 267 shares. Teachers Advsr Inc has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Royal State Bank Of Canada, a Ontario – Canada-based fund reported 1,522 shares. Ubs Asset Americas accumulated 0% or 12,942 shares. Citadel Advsrs Limited Liability, a Illinois-based fund reported 18,646 shares.

Insider Transactions: Since July 1, 2016, the stock had 58 buys, and 1 insider sale for $731,930 net activity. 53 shares with value of $1,948 were bought by Carl Three LP on Monday, November 14. QUATERNARY INVESTMENT had bought 53 shares worth $1,948. 53 International Speedway Corp (NASDAQ:ISCA) shares with value of $1,948 were bought by FRANCE JENNIFER A. Bates Madeline Gray had bought 53 shares worth $1,948. Shares for $1,948 were bought by ASHLEY DALLAS STEVEN on Monday, November 14. SM HOLDER CO also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. Shares for $1,948 were bought by FRANCE JAMES C 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 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 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 the news titled: “Lesa France Kennedy, International Speedway Corporation Debut $400 Million ..” on February 19, 2016. Bizjournals.com‘s news article titled: “International Speedway Corp. sees drop in 2Q revenue” with publication date: July 02, 2015 was also an interesting one.

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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