BidaskClub upgraded shares of International Speedway (NASDAQ:ISCA) from a sell rating to a hold rating in a report released on Tuesday morning, BidAskClub reports.

Other equities research analysts have also issued reports about the company. ValuEngine lowered International Speedway from a buy rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research lowered International Speedway from a hold rating to a sell rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Co lowered International Speedway from a market perform rating to an underperform rating and set a $41.00 price objective for the company. in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of Hold and a consensus price target of $41.00.

Shares of NASDAQ ISCA opened at $44.95 on Tuesday. International Speedway has a one year low of $35.12 and a one year high of $45.62. The firm has a market capitalization of $1.97 billion, a PE ratio of 24.30, a PEG ratio of 7.97 and a beta of 0.65. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $45.08 and a two-hundred day moving average price of $44.45.

International Speedway (NASDAQ:ISCA) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). International Speedway had a return on equity of 4.82% and a net margin of 11.27%. The business had revenue of $168.10 million for the quarter, compared to analyst estimates of $178.99 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. Research analysts anticipate 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 firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $45.12, for a total transaction of $117,041.28. Following the completion of the sale, the vice president now directly owns 9,778 shares in the company, valued at approximately $441,183.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 44.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of International Speedway during the 2nd quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its holdings in shares of International Speedway by 1,377.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,359 shares of the company’s stock valued at $61,000 after buying an additional 1,267 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of International Speedway during the 2nd quarter valued at about $64,000. Chicago Capital Management LLC acquired a new stake in shares of International Speedway during the 2nd quarter valued at about $119,000. Finally, Bank of Montreal Can lifted its holdings in shares of International Speedway by 102.5% during the 2nd quarter. Bank of Montreal Can now owns 3,839 shares of the company’s stock valued at $172,000 after buying an additional 1,943 shares during the last quarter. Institutional investors and hedge funds own 47.75% of the company’s stock.

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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