The Citadel Advisors LLC Acquires 43,552 Shares of International Speedway Corp. (ISCA)

The Citadel Advisors LLC Acquires 43,552 Shares of International Speedway Corp. (ISCA)

Citadel Advisors LLC boosted its stake in shares of International Speedway Corp. (NASDAQ:ISCA) by 233.6% during the third quarter, Holdings Channel reports. The institutional investor owned 62,198 shares of the company’s stock after buying an additional 43,552 shares during the period. Citadel Advisors LLC’s holdings in International Speedway Corp. were worth $2,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ProShare Advisors LLC increased its position in International Speedway Corp. by 42.8% in the third quarter. ProShare Advisors LLC now owns 87,929 shares of the company’s stock valued at $2,939,000 after buying an additional 26,360 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in International Speedway Corp. during the third quarter valued at approximately $1,025,000. Brandes Investment Partners LP increased its position in International Speedway Corp. by 53.5% in the third quarter. Brandes Investment Partners LP now owns 43,721 shares of the company’s stock valued at $1,461,000 after buying an additional 15,246 shares in the last quarter. Morgan Stanley increased its position in International Speedway Corp. by 27.8% in the third quarter. Morgan Stanley now owns 277,889 shares of the company’s stock valued at $9,287,000 after buying an additional 60,489 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in International Speedway Corp. by 3.5% in the third quarter. Principal Financial Group Inc. now owns 99,981 shares of the company’s stock valued at $3,341,000 after buying an additional 3,364 shares in the last quarter. 51.53% of the stock is owned by hedge funds and other institutional investors.

Shares of International Speedway Corp. (NASDAQ:ISCA) traded down 1.36% during mid-day trading on Thursday, hitting $36.35. The company’s stock had a trading volume of 116,882 shares. The company has a market cap of $1.66 billion, a PE ratio of 22.14 and a beta of 1.24. The stock has a 50-day moving average of $37.60 and a 200-day moving average of $34.73. International Speedway Corp. has a 12-month low of $29.71 and a 12-month high of $39.95.

Separately, Zacks Investment Research raised International Speedway Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, December 15th.

International Speedway Corp. Company Profile

International Speedway Corporation 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. Its motorsports themed event operations consists 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.

Want to see what other hedge funds are holding ISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Speedway Corp. (NASDAQ:ISCA).

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