AQR Capital Management LLC increased its stake in International Speedway Corporation (NASDAQ:ISCA) by 23.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 29,115 shares of the company’s stock after buying an additional 5,546 shares during the period. AQR Capital Management LLC owned about 0.06% of International Speedway Corporation worth $1,076,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in International Speedway Corporation during the fourth quarter worth approximately $8,476,000. Teachers Advisors LLC raised its stake in International Speedway Corporation by 13.2% in the fourth quarter. Teachers Advisors LLC now owns 50,141 shares of the company’s stock worth $1,845,000 after buying an additional 5,856 shares in the last quarter. ProShare Advisors LLC raised its stake in International Speedway Corporation by 16.6% in the first quarter. ProShare Advisors LLC now owns 188,723 shares of the company’s stock worth $6,973,000 after buying an additional 26,927 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of International Speedway Corporation by 181.5% in the first quarter. Acadian Asset Management LLC now owns 8,135 shares of the company’s stock valued at $300,000 after buying an additional 5,245 shares in the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of International Speedway Corporation by 6.4% in the first quarter. River Road Asset Management LLC now owns 895,998 shares of the company’s stock valued at $33,107,000 after buying an additional 53,543 shares in the last quarter. 50.54% of the stock is currently owned by institutional investors.
Shares of International Speedway Corporation (NASDAQ ISCA) opened at 34.00 on Friday. International Speedway Corporation has a 52-week low of $30.05 and a 52-week high of $40.31. The stock’s 50 day moving average is $34.80 and its 200 day moving average is $36.26. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17.
International Speedway Corporation (NASDAQ:ISCA) last posted its quarterly earnings results on Monday, July 3rd. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $165.30 million for the quarter, compared to analysts’ expectations of $166.79 million. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, equities analysts expect that International Speedway Corporation will post $1.54 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. Citigroup Inc. reaffirmed a “sell” rating and set a $30.00 price target (down from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. Finally, BidaskClub downgraded International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. International Speedway Corporation currently has a consensus rating of “Hold” and an average price target of $36.50.
In other International Speedway Corporation news, Director Hyatt J. Brown bought 10,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average price of $33.79 per share, with a total value of $337,900.00. Following the purchase, the director now owns 809 shares in the company, valued at approximately $27,336.11. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 43.06% of the company’s stock.
About International Speedway Corporation
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