Isle of Capri Casinos Inc. (ISLE) Downgraded by Macquarie to Neutral
Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by equities research analysts at Macquarie to a “neutral” rating in a research note issued to investors on Wednesday.
Several other brokerages have also weighed in on ISLE. Stifel Nicolaus lowered Isle of Capri Casinos to a “hold” rating in a report on Tuesday. Gabelli downgraded Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank AG restated a “hold” rating and set a $18.00 target price on shares of Isle of Capri Casinos in a research report on Monday, June 27th. Zacks Investment Research downgraded Isle of Capri Casinos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Finally, TheStreet downgraded Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Eight 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 target price of $18.60.
Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.32 on Wednesday. Isle of Capri Casinos has a 52 week low of $10.62 and a 52 week high of $22.44. The company has a market cap of $921.88 million, a PE ratio of 17.33 and a beta of 1.72. The company’s 50-day moving average price is $18.03 and its 200 day moving average price is $16.31.
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Isle of Capri Casinos (NASDAQ:ISLE) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The firm had revenue of $240.86 million for the quarter, compared to analyst estimates of $246.88 million. During the same period in the previous year, the business posted $0.28 EPS. Isle of Capri Casinos’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts anticipate that Isle of Capri Casinos will post $1.25 EPS for the current year.
In other Isle of Capri Casinos news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of Isle of Capri Casinos stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $18.90, for a total value of $415,800.00. Following the completion of the transaction, the insider now owns 156,731 shares in the company, valued at approximately $2,962,215.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 38.20% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC purchased a new stake in Isle of Capri Casinos during the second quarter worth $550,000. AQR Capital Management LLC increased its stake in Isle of Capri Casinos by 3.1% in the second quarter. AQR Capital Management LLC now owns 259,105 shares of the company’s stock worth $4,747,000 after buying an additional 7,721 shares during the last quarter. Addison Clark Management L.L.C. increased its stake in Isle of Capri Casinos by 159.3% in the second quarter. Addison Clark Management L.L.C. now owns 236,000 shares of the company’s stock worth $4,324,000 after buying an additional 145,000 shares during the last quarter. Marshall Wace LLP increased its stake in Isle of Capri Casinos by 22.7% in the second quarter. Marshall Wace LLP now owns 35,166 shares of the company’s stock worth $644,000 after buying an additional 6,515 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Isle of Capri Casinos during the second quarter worth $201,000. Institutional investors own 54.63% 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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