International Speedway (NASDAQ:ISCA) was downgraded by investment analysts at Pivotal Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, September 18th. They currently have a $26.00 price target on the stock. Pivotal Research’s price objective would indicate a potential downside of 27.07% from the stock’s previous close.

Other analysts have also recently issued reports about the company. BidaskClub upgraded International Speedway from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 7th. Zacks Investment Research upgraded International Speedway from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded International Speedway from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. International Speedway presently has an average rating of “Sell” and a consensus target price of $38.67.

Shares of International Speedway stock traded up $0.47 on Tuesday, reaching $35.65. The company’s stock had a trading volume of 367,169 shares, compared to its average volume of 146,762. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.32 and a quick ratio of 2.32. International Speedway has a 52-week low of $35.12 and a 52-week high of $49.95. The stock has a market capitalization of $1.93 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 3.56 and a beta of 1.08.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, October 4th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. International Speedway had a return on equity of 5.24% and a net margin of 38.65%. The firm had revenue of $159.30 million during the quarter, compared to analysts’ expectations of $152.93 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities research analysts anticipate that International Speedway will post 2 EPS for the current fiscal year.

In other news, Director Larry D. Woodard sold 685 shares of the company’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $44.20, for a total value of $30,277.00. Following the transaction, the director now owns 4,368 shares of the company’s stock, valued at approximately $193,065.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 42.41% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in International Speedway during the 2nd quarter worth about $125,000. Toronto Dominion Bank lifted its stake in International Speedway by 94.8% during the 2nd quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock worth $131,000 after acquiring an additional 1,426 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in International Speedway during the 2nd quarter worth about $203,000. Northwestern Mutual Investment Management Company LLC lifted its stake in International Speedway by 56.5% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,013 shares of the company’s stock worth $221,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in International Speedway by 54.2% during the 2nd quarter. Sei Investments Co. now owns 5,213 shares of the company’s stock worth $233,000 after acquiring an additional 1,832 shares in the last quarter. 51.53% of the stock is currently 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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