BidaskClub Lowers International Speedway (NASDAQ:ISCA) to Strong Sell

International Speedway (NASDAQ:ISCA) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, January 6th.

Several other equities research analysts have also recently weighed in on ISCA. Citigroup restated a “sell” rating and issued a $31.00 price objective (up previously from $30.00) on shares of International Speedway in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of International Speedway from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.50.

Shares of International Speedway (NASDAQ:ISCA) remained flat at $$40.15 during mid-day trading on Friday. 55,296 shares of the stock were exchanged, compared to its average volume of 109,760. International Speedway has a 1 year low of $32.25 and a 1 year high of $41.95. The stock has a market capitalization of $1,740.00, a P/E ratio of 26.95, a P/E/G ratio of 5.94 and a beta of 1.14. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its position in shares of International Speedway by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 10,600 shares of the company’s stock worth $398,000 after buying an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in shares of International Speedway by 5.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock worth $153,000 after buying an additional 217 shares during the period. Teachers Advisors LLC grew its position in shares of International Speedway by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 46,904 shares of the company’s stock worth $1,761,000 after buying an additional 594 shares during the period. Victory Capital Management Inc. grew its position in shares of International Speedway by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,682 shares of the company’s stock worth $213,000 after buying an additional 850 shares during the period. Finally, American International Group Inc. grew its position in shares of International Speedway by 1.9% during the 3rd quarter. American International Group Inc. now owns 67,835 shares of the company’s stock worth $2,442,000 after buying an additional 1,272 shares during the period. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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