Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by investment analysts at Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group lifted their target price on shares of Isle of Capri Casinos from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, June 14th. Deutsche Bank AG reissued a “hold” rating and set a $18.00 target price on shares of Isle of Capri Casinos in a research note on Monday, June 27th. TheStreet lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Zacks Investment Research raised shares of Isle of Capri Casinos from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Finally, Gabelli lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, Isle of Capri Casinos has an average rating of “Hold” and a consensus target price of $18.60.

Isle of Capri Casinos (NASDAQ:ISLE) opened at 23.08 on Tuesday. Isle of Capri Casinos has a 52-week low of $10.62 and a 52-week high of $23.32. The firm has a 50-day moving average of $18.16 and a 200-day moving average of $16.36. The stock has a market capitalization of $953.27 million, a PE ratio of 17.92 and a beta of 1.72.

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

In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total transaction of $415,800.00. Following the transaction, the insider now owns 156,731 shares in the company, valued at approximately $2,962,215.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in Isle of Capri Casinos by 0.5% in the second quarter. Nationwide Fund Advisors now owns 64,046 shares of the company’s stock worth $1,173,000 after buying an additional 288 shares in the last quarter. Royal Bank of Canada increased its position in shares of Isle of Capri Casinos by 2.1% in the first quarter. Royal Bank of Canada now owns 44,602 shares of the company’s stock valued at $625,000 after buying an additional 904 shares during the period. Metropolitan Life Insurance Co. NY increased 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 valued at $257,000 after buying an additional 975 shares during the period. American International Group Inc. increased its position in shares of Isle of Capri Casinos by 10.8% in the second quarter. American International Group Inc. now owns 14,398 shares of the company’s stock valued at $264,000 after buying an additional 1,400 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Isle of Capri Casinos by 6.5% in the second quarter. Rhumbline Advisers now owns 24,715 shares of the company’s stock valued at $453,000 after buying an additional 1,502 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.

5 Day Chart for NASDAQ:ISLE

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