Northwestern Mutual Investment Management Company LLC raised its stake in International Speedway Corporation (NASDAQ:ISCA) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,580 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in International Speedway Corporation were worth $153,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP grew its stake in shares of International Speedway Corporation by 165.1% in the 1st quarter. Quantbot Technologies LP now owns 3,446 shares of the company’s stock valued at $127,000 after purchasing an additional 2,146 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of International Speedway Corporation in the 1st quarter valued at approximately $179,000. Oxford Asset Management purchased a new position in shares of International Speedway Corporation in the 1st quarter valued at approximately $220,000. Louisiana State Employees Retirement System grew its stake in shares of International Speedway Corporation by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock valued at $248,000 after purchasing an additional 200 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of International Speedway Corporation in the 1st quarter valued at approximately $327,000. Institutional investors own 50.71% of the company’s stock.

ISCA has been the topic of several analyst reports. Zacks Investment Research upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub upgraded International Speedway Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Citigroup Inc. reiterated a “sell” rating and issued a $30.00 target price (down from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. International Speedway Corporation has an average rating of “Hold” and a consensus target price of $36.50.

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Shares of International Speedway Corporation (NASDAQ:ISCA) opened at 34.55 on Thursday. The firm has a market capitalization of $1.54 billion, a PE ratio of 22.63 and a beta of 1.17. The stock has a 50 day moving average price of $35.07 and a 200 day moving average price of $35.89. International Speedway Corporation has a 12-month low of $30.05 and a 12-month high of $40.31.

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 Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The company had revenue of $165.30 million for the quarter, compared to the consensus estimate of $166.79 million. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. Analysts predict that International Speedway Corporation will post $1.54 EPS for the current fiscal year.

In related news, Director Hyatt J. Brown bought 10,000 shares of the stock in a transaction dated Wednesday, July 12th. The stock was bought at an average cost of $33.79 per share, with a total value of $337,900.00. Following the completion of the acquisition, 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 can be accessed through the SEC website. 43.06% of the stock is currently owned by corporate insiders.

International Speedway Corporation Profile

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

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