Trade Report: Today, Isle of Capri Casinos Inc. (ISLE) gets Sell status at The Zacks Investment Research

Today, Isle of Capri Casinos Inc. (ISLE) gets Sell status at The Zacks Investment Research

Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Isle of Capri Casinos is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States. The company wholly or partially owns and operates gaming facilities under the name Isle of Capri. In addition, the company wholly owns and operates a pari-mutuel harness racing facility and owns interests in and operates gaming activities aboard a cruise ship based. “

Several other equities research analysts have also weighed in on ISLE. Macquarie lowered Isle of Capri Casinos from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Wednesday, September 21st. Stifel Nicolaus lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Gabelli lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, TheStreet lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Eight research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $19.33.

Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.85% during mid-day trading on Tuesday, hitting $22.14. The stock had a trading volume of 155,514 shares. Isle of Capri Casinos has a 1-year low of $10.62 and a 1-year high of $23.32. The stock has a 50 day moving average of $21.52 and a 200-day moving average of $18.96. The firm has a market cap of $914.45 million, a P/E ratio of 17.19 and a beta of 1.59.

Isle of Capri Casinos (NASDAQ:ISLE) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.04. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The company earned $240.86 million during the quarter, compared to the consensus estimate of $246.88 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts predict that Isle of Capri Casinos will post $1.24 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its position in Isle of Capri Casinos by 321.8% in the third quarter. Morgan Stanley now owns 463,283 shares of the company’s stock valued at $10,322,000 after buying an additional 353,458 shares in the last quarter. Lafitte Capital Management LP purchased a new position in Isle of Capri Casinos during the first quarter valued at about $4,811,000. OMERS ADMINISTRATION Corp purchased a new position in Isle of Capri Casinos during the third quarter valued at about $5,849,000. Scopus Asset Management L.P. purchased a new position in Isle of Capri Casinos during the third quarter valued at about $4,456,000. Finally, UBS Oconnor LLC purchased a new position in Isle of Capri Casinos during the second quarter valued at about $3,313,000. 49.51% of the stock is currently owned by hedge funds and other institutional investors.

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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