Isle of Capri Casinos (ISLE) Given Consensus Rating of “Hold” by Analysts
Isle of Capri Casinos (NASDAQ:ISLE) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.33.
Separately, Zacks Investment Research upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, May 3rd.
Shares of Isle of Capri Casinos (NASDAQ:ISLE) remained flat at $22.98 during mid-day trading on Friday. The firm’s 50-day moving average is $25.88 and its 200-day moving average is $24.05. Isle of Capri Casinos has a 52-week low of $14.30 and a 52-week high of $27.04.
Isle of Capri Casinos (NASDAQ:ISLE) last announced its earnings results on Thursday, February 23rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by $0.02. The company had revenue of $193.80 million for the quarter, compared to analysts’ expectations of $203.24 million. Isle of Capri Casinos had a net margin of 7.02% and a return on equity of 62.06%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities research analysts anticipate that Isle of Capri Casinos will post $1.24 EPS for the current fiscal year.
In related news, VP Michael Allan Hart sold 20,225 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $26.71, for a total transaction of $540,209.75. Following the sale, the vice president now directly owns 12,643 shares in the company, valued at approximately $337,694.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John G. Wilson sold 49,624 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $26.21, for a total value of $1,300,645.04. Following the sale, the insider now owns 52,524 shares in the company, valued at $1,376,654.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 554,421 shares of company stock worth $14,428,742. Company insiders own 38.20% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Alambic Investment Management L.P. raised its stake in shares of Isle of Capri Casinos by 0.6% in the third quarter. Alambic Investment Management L.P. now owns 31,948 shares of the company’s stock worth $712,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Isle of Capri Casinos by 3,980.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,060 shares of the company’s stock worth $158,000 after buying an additional 6,887 shares during the period. Principal Financial Group Inc. raised its stake in shares of Isle of Capri Casinos by 5.3% in the third quarter. Principal Financial Group Inc. now owns 536,454 shares of the company’s stock worth $11,952,000 after buying an additional 27,126 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Isle of Capri Casinos during the third quarter worth $5,849,000. Finally, Two Sigma Advisers LP raised its stake in shares of Isle of Capri Casinos by 4.3% in the third quarter. Two Sigma Advisers LP now owns 248,531 shares of the company’s stock worth $5,537,000 after buying an additional 10,301 shares during the period. Hedge funds and other institutional investors own 53.94% of the company’s stock.
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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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