SG Americas Securities LLC lifted its holdings in shares of International Speedway Corp (NASDAQ:ISCA) by 100.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,411 shares of the company’s stock after acquiring an additional 7,733 shares during the quarter. SG Americas Securities LLC’s holdings in International Speedway were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. AXA grew its stake in International Speedway by 571.9% in the third quarter. AXA now owns 145,800 shares of the company’s stock worth $5,249,000 after purchasing an additional 124,100 shares during the period. Macquarie Group Ltd. grew its stake in International Speedway by 7.2% in the third quarter. Macquarie Group Ltd. now owns 1,470,023 shares of the company’s stock worth $52,920,000 after purchasing an additional 98,504 shares during the period. Lindsell Train Ltd grew its stake in International Speedway by 14.2% in the third quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock worth $26,042,000 after purchasing an additional 90,000 shares during the period. First Trust Advisors LP grew its stake in International Speedway by 111.5% in the third quarter. First Trust Advisors LP now owns 123,875 shares of the company’s stock worth $4,460,000 after purchasing an additional 65,297 shares during the period. Finally, James Investment Research Inc. purchased a new stake in International Speedway in the fourth quarter worth $1,726,000. Institutional investors own 50.83% of the company’s stock.
Several equities research analysts recently weighed in on the company. Citigroup upped their price target on International Speedway from $31.00 to $40.00 and gave the stock a “sell” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised International Speedway from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, January 30th. Finally, BidaskClub cut International Speedway from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th.
International Speedway (NASDAQ:ISCA) last released its earnings results on Thursday, January 25th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. International Speedway had a return on equity of 5.09% and a net margin of 16.50%. The firm had revenue of $226.26 million for the quarter, compared to analysts’ expectations of $222.36 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that International Speedway Corp will post 2.06 EPS for the current year.
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International Speedway Profile
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.
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