Today: Today, Principal Financial Group Inc. Sold shares of Isle of Capri Casinos Inc. (ISLE)

Today, Principal Financial Group Inc. Sold shares of Isle of Capri Casinos Inc. (ISLE)

Principal Financial Group Inc. reduced its position in shares of Isle of Capri Casinos Inc. (NASDAQ:ISLE) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,328 shares of the company’s stock after selling 33,674 shares during the period. Principal Financial Group Inc. owned 1.23% of Isle of Capri Casinos worth $9,331,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Scout Investments Inc. raised its stake in shares of Isle of Capri Casinos by 54.5% in the second quarter. Scout Investments Inc. now owns 16,405 shares of the company’s stock worth $301,000 after buying an additional 5,785 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Isle of Capri Casinos by 5.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,354 shares of the company’s stock worth $257,000 after buying an additional 975 shares during the period. Princeton Alpha Management LP raised its position in shares of Isle of Capri Casinos by 42.6% in the second quarter. Princeton Alpha Management LP now owns 19,561 shares of the company’s stock worth $358,000 after buying an additional 5,844 shares during the period. Smith Asset Management Group LP raised its position in shares of Isle of Capri Casinos by 69.1% in the second quarter. Smith Asset Management Group LP now owns 24,720 shares of the company’s stock worth $453,000 after buying an additional 10,100 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of Isle of Capri Casinos during the first quarter worth approximately $378,000. Hedge funds and other institutional investors own 53.63% of the company’s stock.

Shares of Isle of Capri Casinos Inc. (NASDAQ:ISLE) opened at 21.96 on Monday. The firm has a 50-day moving average of $20.22 and a 200 day moving average of $17.53. Isle of Capri Casinos Inc. has a 1-year low of $10.62 and a 1-year high of $23.32. The company has a market capitalization of $907.01 million, a P/E ratio of 17.05 and a beta of 1.46.

Isle of Capri Casinos (NASDAQ:ISLE) last announced its quarterly earnings results 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. The firm had revenue of $240.86 million for the quarter, compared to analysts’ expectations of $246.88 million. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, equities research analysts expect that Isle of Capri Casinos Inc. will post $1.24 earnings per share for the current year.

ISLE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Isle of Capri Casinos from a “hold” rating to a “sell” rating in a report on Wednesday, August 31st. Gabelli lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Deutsche Bank AG reiterated a “hold” rating and set a $18.00 price target on shares of Isle of Capri Casinos in a report on Monday, June 27th. Stifel Nicolaus lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Finally, TheStreet lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. Eight equities 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.

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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