JPMorgan Chase & Co. raised its stake in International Speedway Corporation (NASDAQ:ISCA) by 2.9% during the first quarter, Holdings Channel reports. The firm owned 54,918 shares of the company’s stock after buying an additional 1,535 shares during the period. JPMorgan Chase & Co.’s holdings in International Speedway Corporation were worth $2,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP increased its position in shares of International Speedway Corporation by 165.1% in the first quarter. Quantbot Technologies LP now owns 3,446 shares of the company’s stock valued at $127,000 after buying an additional 2,146 shares during the period. Credit Agricole S A acquired a new position in shares of International Speedway Corporation during the fourth quarter valued at $131,000. Oxford Asset Management acquired a new position in shares of International Speedway Corporation during the first quarter valued at $220,000. TFS Capital LLC increased its position in shares of International Speedway Corporation by 14.2% in the first quarter. TFS Capital LLC now owns 7,048 shares of the company’s stock valued at $260,000 after buying an additional 879 shares during the period. Finally, Acadian Asset Management LLC increased its position 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 during the period. Hedge funds and other institutional investors own 50.99% of the company’s stock.

Shares of International Speedway Corporation (NASDAQ:ISCA) opened at 33.45 on Tuesday. The firm’s 50-day moving average price is $35.88 and its 200 day moving average price is $36.93. International Speedway Corporation has a 1-year low of $30.05 and a 1-year high of $40.31. The stock has a market cap of $1.50 billion, a P/E ratio of 21.91 and a beta of 1.18.

International Speedway Corporation (NASDAQ:ISCA) last posted its earnings results on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.02. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The firm had revenue of $165.30 million for the quarter, compared to analyst estimates of $166.79 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. 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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Several analysts have weighed in on ISCA shares. BidaskClub downgraded International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. reiterated a “sell” rating and set a $30.00 price target (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.50.

In other 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, for a total transaction of $337,900.00. Following the completion of the transaction, the director now owns 809 shares of the company’s stock, valued at $27,336.11. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 43.06% of the stock is currently owned by insiders.

About International Speedway Corporation

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Institutional Ownership by Quarter for International Speedway Corporation (NASDAQ:ISCA)

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