Isle of Capri Casinos (NASDAQ:ISLE) insider Edmund L. Quatmann, Jr. sold 104,764 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $26.26, for a total value of $2,751,102.64. Following the completion of the sale, the insider now directly owns 51,805 shares of the company’s stock, valued at approximately $1,360,399.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Isle of Capri Casinos (NASDAQ:ISLE) opened at 26.09 on Tuesday. Isle of Capri Casinos has a 12-month low of $12.08 and a 12-month high of $26.89. The company’s 50 day moving average price is $24.74 and its 200-day moving average price is $22.80. The firm has a market cap of $1.08 billion, a P/E ratio of 16.06 and a beta of 1.55.
Isle of Capri Casinos (NASDAQ:ISLE) last posted its earnings results on Thursday, February 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Isle of Capri Casinos had a return on equity of 62.06% and a net margin of 7.02%. The firm had revenue of $193.80 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the previous year, the company posted $0.17 EPS. Isle of Capri Casinos’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Isle of Capri Casinos will post $1.26 EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. Sphinx Trading LP purchased a new position in Isle of Capri Casinos during the third quarter valued at about $100,000. Great West Life Assurance Co. Can bought a new stake in shares of Isle of Capri Casinos during the third quarter valued at $109,000. Victory Capital Management Inc. bought a new stake in shares of Isle of Capri Casinos during the third quarter valued at $116,000. PNC Financial Services Group Inc. increased its stake in shares of Isle of Capri Casinos by 3,980.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,060 shares of the company’s stock valued at $158,000 after buying an additional 6,887 shares during the period. Finally, 1st Global Advisors Inc. bought a new stake in shares of Isle of Capri Casinos during the third quarter valued at $354,000. 53.94% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on ISLE. Zacks Investment Research downgraded Isle of Capri Casinos from a “hold” rating to a “sell” rating in a report on Monday, December 5th. Gabelli raised Isle of Capri Casinos from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Isle of Capri Casinos currently has a consensus rating of “Hold” and a consensus target price of $19.80.
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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