IndexIQ Advisors LLC increased its holdings in International Speedway Corporation (NASDAQ:ISCA) by 83.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,459 shares of the company’s stock after buying an additional 10,658 shares during the quarter. IndexIQ Advisors LLC owned 0.05% of International Speedway Corporation worth $845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of International Speedway Corporation by 6.3% in the second quarter. Principal Financial Group Inc. now owns 111,246 shares of the company’s stock worth $4,177,000 after buying an additional 6,574 shares during the last quarter. WBI Investments Inc. purchased a new position in shares of International Speedway Corporation in the second quarter worth approximately $1,857,000. TIAA CREF Investment Management LLC boosted its holdings in shares of International Speedway Corporation by 6.8% in the first quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock worth $5,320,000 after buying an additional 9,192 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of International Speedway Corporation by 71.0% in the first quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock worth $1,609,000 after buying an additional 18,088 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of International Speedway Corporation by 1.4% in the first quarter. California Public Employees Retirement System now owns 57,100 shares of the company’s stock worth $2,110,000 after buying an additional 800 shares during the last quarter. 51.09% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of International Speedway Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, October 10th. Citigroup Inc. reaffirmed a “sell” rating and set a $31.00 price target (up previously from $30.00) on shares of International Speedway Corporation in a report on Monday, October 9th. Finally, BidaskClub raised shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

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International Speedway Corporation (NASDAQ:ISCA) opened at $40.15 on Monday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19. International Speedway Corporation has a 1-year low of $32.25 and a 1-year high of $40.90. The firm has a market cap of $1,774.15, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 6.33 and a beta of 1.11.

International Speedway Corporation (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. International Speedway Corporation had a net margin of 10.07% and a return on equity of 5.05%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts forecast that International Speedway Corporation will post 1.59 EPS for the current fiscal year.

About International Speedway Corporation

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

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