Isle of Capri Casinos (NASDAQ:ISLE) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm. Five 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 brokerages that have covered the stock in the last year is $22.33.
Separately, Zacks Investment Research upgraded Isle of Capri Casinos from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th.
In related news, Director Alan Glazer sold 25,040 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $26.49, for a total value of $663,309.60. Following the sale, the director now directly owns 69,928 shares in the company, valued at approximately $1,852,392.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lee S. Wielansky sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $25.26, for a total value of $505,200.00. Following the completion of the sale, the director now owns 28,631 shares in the company, valued at $723,219.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 554,421 shares of company stock worth $14,428,742. 38.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Isle of Capri Casinos by 6.6% in the first quarter. Renaissance Technologies LLC now owns 2,108,424 shares of the company’s stock worth $55,578,000 after buying an additional 131,324 shares during the last quarter. CNH Partners LLC raised its position in shares of Isle of Capri Casinos by 43.8% in the fourth quarter. CNH Partners LLC now owns 1,497,731 shares of the company’s stock worth $36,979,000 after buying an additional 456,512 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Isle of Capri Casinos by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,057,525 shares of the company’s stock worth $27,877,000 after buying an additional 53,643 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Isle of Capri Casinos by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 769,314 shares of the company’s stock worth $20,279,000 after buying an additional 43,473 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Isle of Capri Casinos by 1.8% in the first quarter. Morgan Stanley now owns 692,260 shares of the company’s stock worth $18,248,000 after buying an additional 11,973 shares during the last quarter. 53.94% of the stock is owned by hedge funds and other institutional investors.
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Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.98 on Monday. The firm has a 50 day moving average price of $25.88 and a 200 day moving average price of $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 quarterly earnings results on Thursday, February 23rd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $193.80 million for the quarter, compared to analyst estimates of $203.24 million. Isle of Capri Casinos had a return on equity of 62.06% and a net margin of 7.02%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, equities analysts expect that Isle of Capri Casinos will post $1.24 EPS for the current year.
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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