Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by analysts at Stifel Nicolaus to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also recently issued reports on ISLE. Gabelli cut Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Isle of Capri Casinos from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Telsey Advisory Group cut Isle of Capri Casinos from an “outperform” rating to a “market perform” rating and set a $18.00 target price on the stock. in a research note on Tuesday, May 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 target price on shares of Isle of Capri Casinos in a research note on Monday, June 27th. Finally, TheStreet upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research note on Tuesday, June 14th. Seven analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $18.60.

Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.431% during midday trading on Tuesday, hitting $21.945. 597,416 shares of the company traded hands. The stock has a 50 day moving average of $17.93 and a 200 day moving average of $16.23. The stock has a market cap of $906.39 million, a P/E ratio of 17.038 and a beta of 1.72. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $22.35.

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Isle of Capri Casinos (NASDAQ:ISLE) last posted its earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The company earned $240.86 million during the quarter, compared to the consensus estimate of $246.88 million. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities research analysts predict that Isle of Capri Casinos will post $1.25 EPS for the current fiscal year.

In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $18.90, for a total transaction of $415,800.00. Following the transaction, the insider now directly owns 156,731 shares of the company’s stock, valued at $2,962,215.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 38.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in Isle of Capri Casinos by 194.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 717,117 shares of the company’s stock worth $9,989,000 after buying an additional 473,340 shares during the last quarter. BlackRock Fund Advisors raised its position in Isle of Capri Casinos by 14.5% in the second quarter. BlackRock Fund Advisors now owns 648,952 shares of the company’s stock worth $11,889,000 after buying an additional 82,266 shares during the last quarter. Principal Financial Group Inc. raised its position in Isle of Capri Casinos by 171.6% in the fourth quarter. Principal Financial Group Inc. now owns 543,257 shares of the company’s stock worth $7,568,000 after buying an additional 343,257 shares during the last quarter. State Street Corp raised its position in Isle of Capri Casinos by 18.4% in the second quarter. State Street Corp now owns 460,879 shares of the company’s stock worth $8,448,000 after buying an additional 71,510 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Isle of Capri Casinos by 17.8% in the fourth quarter. American Century Companies Inc. now owns 409,635 shares of the company’s stock worth $5,706,000 after buying an additional 61,764 shares during the last quarter. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

About Isle of Capri Casinos

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

5 Day Chart for NASDAQ:ISLE

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