Isle of Capri Casinos Inc. (ISLE) Lowered to Hold at Gabelli
Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by Gabelli from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
ISLE has been the subject of a number of other reports. Zacks Investment Research cut shares of Isle of Capri Casinos from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. Stifel Nicolaus increased their target price on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, June 15th. Telsey Advisory Group cut shares of Isle of Capri Casinos from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research report on Tuesday, May 31st. TheStreet upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 target price on shares of Isle of Capri Casinos in a research report on Monday, June 27th. Seven investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $18.60.
Shares of Isle of Capri Casinos (NASDAQ:ISLE) traded up 1.27% during midday trading on Tuesday, reaching $22.32. 2,617,575 shares of the company were exchanged. Isle of Capri Casinos has a 52 week low of $10.62 and a 52 week high of $22.44. The firm has a 50-day moving average of $18.03 and a 200 day moving average of $16.31. The firm has a market capitalization of $921.88 million, a P/E ratio of 17.33 and a beta of 1.72.
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Isle of Capri Casinos (NASDAQ:ISLE) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.04. The company had revenue of $240.86 million for the quarter, compared to analyst estimates of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities research analysts expect that Isle of Capri Casinos will post $1.25 EPS for the current year.
In related news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total transaction of $415,800.00. Following the completion of the sale, the insider now directly owns 156,731 shares in the company, valued at $2,962,215.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 38.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC purchased a new stake in Isle of Capri Casinos during the first quarter valued at about $153,000. Hsbc Holdings PLC purchased a new stake in Isle of Capri Casinos during the second quarter valued at about $184,000. KCG Holdings Inc. purchased a new stake in Isle of Capri Casinos during the second quarter valued at about $201,000. Acrospire Investment Management LLC purchased a new stake in Isle of Capri Casinos during the first quarter valued at about $251,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Isle of Capri Casinos by 5.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,354 shares of the company’s stock valued at $257,000 after buying an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.
Isle of Capri Casinos Company Profile
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.
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