The stock of International Speedway Corp (NASDAQ:ISCA) hit a new 52-week high and has $39.26 target or 4.00% above today’s $37.75 share price. The 5 months bullish chart indicates low risk for the $1.74B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $39.26 price target is reached, the company will be worth $69.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.13% or $0.05 on November 25, hitting $37.75. About 22,052 shares traded hands. International Speedway Corp (NASDAQ:ISCA) has risen 10.98% since April 22, 2016 and is uptrending. It has outperformed by 5.57% the S&P500.
Analysts await International Speedway Corp (NASDAQ:ISCA) to report earnings on January, 24. They expect $0.78 earnings per share, up 5.41% or $0.04 from last year’s $0.74 per share. ISCA’s profit will be $35.95 million for 12.10 P/E if the $0.78 EPS becomes a reality. After $0.03 actual earnings per share reported by International Speedway Corp for the previous quarter, Wall Street now forecasts 2,500.00% EPS growth.
According to Zacks Investment Research, “International Speedway Corporation’s operations consist principally of racing events at its motorsports facilities, which generate revenue primarily through sales of admissions to racing events, television broadcast rights fees, sponsorship fees, hospitality rentals, royalties from licenses of trademarks and provides catering, souvenir and food concession services at certain facilities.”
Insitutional Activity: The institutional sentiment is 1.1 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 11 funds sold all International Speedway Corp shares owned while 49 reduced positions. only 15 funds bought stakes while 51 increased positions. They now own 23.44 million shares or 2.91% less from 24.14 million shares in 2016Q1.
Morgan Stanley owns 217,400 shares or 0% of their US portfolio. Bartlett And Comm accumulated 0% or 400 shares. The Missouri-based Parkside National Bank & Trust has invested 0.01% in International Speedway Corp (NASDAQ:ISCA). Price T Rowe Assoc Md last reported 0% of its portfolio in the stock. Tiaa Cref Inv Management Ltd Llc reported 89,068 shares or 0% of all its holdings. Gamco Invsts Inc Et Al owns 125,000 shares or 0.03% of their US portfolio. Geode Capital Mngmt Limited Co has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Aperio Lc holds 0% or 13,596 shares in its portfolio. Oakworth Cap owns 18 shares or 0% of their US portfolio. Trexquant Limited Partnership accumulated 0.03% or 6,200 shares. State Street Corp has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Massmutual Fsb Adv has invested 0% of its portfolio in International Speedway Corp (NASDAQ:ISCA). Balyasny Asset Management Ltd Liability Corp owns 6,058 shares or 0% of their US portfolio. Carroll Finance Assocs Inc last reported 0% of its portfolio in the stock. Tfs Capital Ltd Liability Corporation holds 39,835 shares or 0.24% of its portfolio.
Insider Transactions: Since July 1, 2016, the stock had 58 insider buys, and 1 sale for $731,930 net activity. Shares for $1,948 were bought by Helton Richard Kole. 6 shares were bought by WCF Silver State Limited Partnership, worth $203. CROTTY W GARRETT also sold $3,391 worth of International Speedway Corp (NASDAQ:ISCA) on Wednesday, July 6. FRANCE AMY L bought $1,948 worth of stock. WCF FAMILY 1 INC also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) on Monday, November 14. KENNEDY BENJAMIN Z also bought $1,948 worth of International Speedway Corp (NASDAQ:ISCA) shares. 53 shares were bought by FRANCE JAMES C, worth $1,948.
More recent International Speedway Corp (NASDAQ:ISCA) news were published by: Reuters.com which released: “BRIEF-International Speedway Corp announces amendment to share repurchase …” on November 10, 2016. Also Forbes.com published the news titled: “Lesa France Kennedy, International Speedway Corporation Debut $400 Million …” on February 19, 2016. Globenewswire.com‘s news article titled: “International Speedway Corporation Third Quarter 2016 Financial Results …” with publication date: October 05, 2016 was also an interesting one.
ISCA Company Profile
International Speedway Corporation, incorporated on May 7, 1953, is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. The Company’s motorsports themed event activities consist of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events except for catering, and food and beverage concessions at Chicagoland and Route 66. The Firm has approximately 763,500 grandstand seats and over 550 suites.
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