International Speedway Corp (NASDAQ:ISCA) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 187,400 shares, a decrease of 38.1% from the August 30th total of 302,700 shares. Based on an average daily volume of 180,800 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the shares of the stock are sold short.
Several brokerages have issued reports on ISCA. ValuEngine downgraded shares of International Speedway from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co downgraded shares of International Speedway from a “market perform” rating to an “underperform” rating and set a $41.00 price target on the stock. in a report on Monday, July 15th. Zacks Investment Research downgraded shares of International Speedway from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Finally, BidaskClub lowered shares of International Speedway from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd.
Shares of NASDAQ:ISCA traded down $0.10 during trading on Friday, reaching $45.05. The stock had a trading volume of 142,109 shares, compared to its average volume of 290,453. The business has a fifty day moving average price of $45.10 and a 200-day moving average price of $44.64. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.96 billion, a P/E ratio of 24.35, a PEG ratio of 8.06 and a beta of 0.64. International Speedway has a fifty-two week low of $35.39 and a fifty-two week high of $45.73.
International Speedway (NASDAQ:ISCA) last posted its quarterly earnings data on Friday, October 4th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). International Speedway had a net margin of 11.34% and a return on equity of 4.89%. As a group, equities analysts forecast that International Speedway will post 1.89 EPS for the current year.
In other International Speedway news, VP Derek Muldowney sold 2,594 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $45.12, for a total value of $117,041.28. Following the sale, the vice president now owns 9,778 shares of the company’s stock, valued at $441,183.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of International Speedway in the second quarter valued at approximately $58,000. Tower Research Capital LLC TRC increased its position in International Speedway by 1,377.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,359 shares of the company’s stock worth $61,000 after purchasing an additional 1,267 shares during the last quarter. Quantamental Technologies LLC acquired a new position in International Speedway during the second quarter worth approximately $64,000. Chicago Capital Management LLC acquired a new position in International Speedway during the second quarter worth approximately $119,000. Finally, Bank of Montreal Can increased its position in International Speedway by 102.5% during the second quarter. Bank of Montreal Can now owns 3,839 shares of the company’s stock worth $172,000 after purchasing an additional 1,943 shares during the last quarter. 47.75% of the stock is owned by institutional investors and hedge funds.
International Speedway Company Profile
International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.
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