Isle of Capri Casinos Inc. (NASDAQ:ISLE) Receives Average Recommendation of “Hold” from Brokerages
Isle of Capri Casinos Inc. (NASDAQ:ISLE) has received a consensus rating of “Hold” from the eight analysts that are covering the firm. Eight equities research analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.33.
ISLE has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, June 16th. TheStreet upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Gabelli lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Isle of Capri Casinos in a report on Wednesday, June 15th.
Shares of Isle of Capri Casinos (NASDAQ:ISLE) traded up 0.27% on Monday, hitting $22.52. 125,725 shares of the stock were exchanged. The company has a market cap of $930.14 million, a PE ratio of 17.48 and a beta of 1.46. Isle of Capri Casinos has a 12 month low of $10.62 and a 12 month high of $23.32. The company has a 50-day moving average price of $19.65 and a 200 day moving average price of $17.24.
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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 Zacks’ 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 company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities analysts forecast that Isle of Capri Casinos will post $1.24 EPS for the current fiscal year.
In other Isle of Capri Casinos news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the company’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 completion of the transaction, the insider now directly owns 156,731 shares in the company, valued at approximately $2,962,215.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.20% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. 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 worth $3,288,000 after buying an additional 4,450 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Isle of Capri Casinos during the first quarter worth $251,000. 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 worth $1,467,000 after buying an additional 3,600 shares in the last quarter. Bogle Investment Management L P DE increased its stake in Isle of Capri Casinos by 9.3% in the first quarter. Bogle Investment Management L P DE now owns 291,655 shares of the company’s stock worth $4,083,000 after buying an additional 24,800 shares in the last quarter. Finally, Hancock Holding Co. increased its stake in Isle of Capri Casinos by 11.1% in the first quarter. Hancock Holding Co. now owns 62,443 shares of the company’s stock worth $874,000 after buying an additional 6,238 shares in the last quarter. 53.64% 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.
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