Isle of Capri Casinos Inc. (ISLE) Sees Large Volume Increase
Isle of Capri Casinos Inc. (NASDAQ:ISLE) shares saw unusually-high trading volume on Tuesday . Approximately 1,549,450 shares traded hands during trading, an increase of 122% from the previous session’s volume of 696,695 shares.The stock last traded at $21.98 and had previously closed at $22.04.
ISLE has been the subject of a number of analyst reports. Telsey Advisory Group downgraded 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 note on Tuesday, May 31st. Stifel Nicolaus upped their price objective on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, June 15th. Deutsche Bank AG restated a “hold” rating on shares of Isle of Capri Casinos in a research note on Wednesday, June 15th. TheStreet upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research note on Tuesday, June 14th. Finally, Zacks Investment Research upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, June 16th. Seven equities research analysts have rated the stock with a hold rating, Isle of Capri Casinos currently has an average rating of “Hold” and an average price target of $18.60.
The company’s 50 day moving average price is $17.92 and its 200 day moving average price is $16.23. The firm has a market capitalization of $921.88 million, a price-to-earnings ratio of 17.33 and a beta of 1.72.
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Isle of Capri Casinos (NASDAQ:ISLE) last issued its earnings results on Tuesday, August 30th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.04. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The business earned $240.86 million during the quarter, compared to analysts’ expectations of $246.88 million. During the same period in the prior year, the business posted $0.28 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Isle of Capri Casinos Inc. 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 shares were sold at an average price of $18.90, for a total value of $415,800.00. Following the transaction, the insider now owns 156,731 shares of the company’s stock, valued at approximately $2,962,215.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 38.20% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Bowling Portfolio Management LLC acquired a new position in shares of Isle of Capri Casinos during the first quarter worth approximately $153,000. TIAA CREF Investment Management LLC increased its stake in Isle of Capri Casinos by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 234,846 shares of the company’s stock valued at $3,288,000 after buying an additional 4,450 shares during the period. Acrospire Investment Management LLC purchased a new stake in Isle of Capri Casinos during the first quarter valued at about $251,000. State Street Corp increased its stake in Isle of Capri Casinos by 2.8% in the first quarter. State Street Corp now owns 389,369 shares of the company’s stock valued at $5,448,000 after buying an additional 10,654 shares during the period. Finally, AXA increased its stake in Isle of Capri Casinos by 3.6% in the first quarter. AXA now owns 104,800 shares of the company’s stock valued at $1,467,000 after buying an additional 3,600 shares during the period. 54.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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