Isle of Capri Casinos Inc. (ISLE) Sees Large Volume Increase
Isle of Capri Casinos Inc. (NASDAQ:ISLE) shares saw unusually-high trading volume on Monday . Approximately 317,433 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 170,791 shares.The stock last traded at $17.98 and had previously closed at $17.96.
ISLE has been the subject of several recent research reports. Zacks Investment Research raised Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, June 16th. Stifel Nicolaus upped their price target on Isle of Capri Casinos from $16.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. Telsey Advisory Group cut Isle of Capri Casinos from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a report on Tuesday, May 31st. TheStreet raised Isle of Capri Casinos from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $18.00 price target on shares of Isle of Capri Casinos in a report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.33.
The company has a market capitalization of $742.12 million and a price-to-earnings ratio of 16.05. The stock has a 50-day moving average price of $18.42 and a 200 day moving average price of $15.66.
Isle of Capri Casinos (NASDAQ:ISLE) last announced its quarterly earnings data on Tuesday, June 14th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The company earned $264.90 million during the quarter, compared to the consensus estimate of $266.77 million. During the same quarter in the previous year, the business earned $0.58 EPS. Isle of Capri Casinos’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that Isle of Capri Casinos Inc. will post $1.47 earnings per share for the current year.
In related news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of Isle of Capri Casinos stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $18.90, for a total transaction of $415,800.00. Following the completion of the transaction, the insider now owns 156,731 shares in the company, valued at $2,962,215.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in Isle of Capri Casinos stock. Bank of Montreal Can raised its position in Isle of Capri Casinos Inc. (NASDAQ:ISLE) by 187.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,767 shares of the company’s stock after buying an additional 47,426 shares during the period. Bank of Montreal Can owned 0.18% of Isle of Capri Casinos worth $1,013,000 as of its most recent SEC filing.
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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