Stifel Nicolaus Downgrades Isle of Capri Casinos Inc. (ISLE) to Hold
Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by equities research analysts at Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Tuesday.
Other analysts have also recently issued reports about the company. Gabelli cut Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 price objective on shares of Isle of Capri Casinos in a research report on Monday, June 27th. Zacks Investment Research cut Isle of Capri Casinos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 16th. TheStreet cut Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, Telsey Advisory Group reaffirmed a “hold” rating on shares of Isle of Capri Casinos in a research report on Wednesday, June 15th. Seven equities research 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.
Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.431% during trading on Tuesday, hitting $21.945. The stock had a trading volume of 597,416 shares. Isle of Capri Casinos has a 1-year low of $10.62 and a 1-year high of $22.35. The company has a market capitalization of $906.39 million, a P/E ratio of 17.038 and a beta of 1.72. The stock’s 50-day moving average price is $17.93 and its 200-day moving average price is $16.23.
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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 the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business earned $240.86 million during the quarter, compared to the consensus estimate of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. Analysts expect that Isle of Capri Casinos will post $1.25 earnings per share for the current year.
In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of Isle of Capri Casinos stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 38.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bowling Portfolio Management LLC acquired a new position in Isle of Capri Casinos during the first quarter valued at about $153,000. Hsbc Holdings PLC acquired a new position in Isle of Capri Casinos during the second quarter valued at about $184,000. KCG Holdings Inc. acquired a new position in Isle of Capri Casinos during the second quarter valued at about $201,000. Acrospire Investment Management LLC acquired a new position in Isle of Capri Casinos during the first quarter valued at about $251,000. Finally, Metropolitan Life Insurance Co. NY raised its position 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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