The stock of Isle of Capri Casinos (NASDAQ:ISLE) hit a new 52-week high and has $24.67 target or 6.00% above today’s $23.27 share price. The 6 months bullish chart indicates low risk for the $969.67 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $24.67 price target is reached, the company will be worth $58.18 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 348,066 shares traded hands or 81.85% up from the average. Isle of Capri Casinos (NASDAQ:ISLE) has risen 50.37% since April 28, 2016 and is uptrending. It has outperformed by 44.44% the S&P500.
Analysts await Isle of Capri Casinos (NASDAQ:ISLE) to report earnings on December, 7. They expect $0.20 earnings per share, up 5.26% or $0.01 from last year’s $0.19 per share. ISLE’s profit will be $8.33 million for 29.09 P/E if the $0.20 EPS becomes a reality. After $0.26 actual earnings per share reported by Isle of Capri Casinos for the previous quarter, Wall Street now forecasts -23.08% negative EPS growth.
Isle of Capri Casinos (NASDAQ:ISLE) Ratings Coverage
Out of 6 analysts covering Isle of Capri Casinos (NASDAQ:ISLE), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Isle of Capri Casinos has been the topic of 11 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Credit Suisse given on Wednesday, February 24. Stifel Nicolaus maintained it with “Buy” rating and $20 target price in Wednesday, June 15 report. As per Thursday, December 3, the company rating was maintained by Telsey Advisory Group. The stock of Isle of Capri Casinos (NASDAQ:ISLE) earned “Hold” rating by Gabelli on Tuesday, September 20. The company was downgraded on Tuesday, August 11 by Zacks. The firm has “Strong-Buy” rating by Zacks given on Friday, September 4. The rating was downgraded by Telsey Advisory Group on Tuesday, May 31 to “Market Perform”. Stifel Nicolaus upgraded Isle of Capri Casinos (NASDAQ:ISLE) rating on Monday, December 7. Stifel Nicolaus has “Buy” rating and $19 price target. Macquarie Research maintained Isle of Capri Casinos (NASDAQ:ISLE) rating on Thursday, September 3. Macquarie Research has “Outperform” rating and $23 price target. On Wednesday, February 24 the stock rating was maintained by Stifel Nicolaus with “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.70, from 1.35 in 2016Q1. The ratio fall, as 10 funds sold all Isle of Capri Casinos shares owned while 44 reduced positions. 27 funds bought stakes while 46 increased positions. They now own 22.14 million shares or 1.70% less from 22.52 million shares in 2016Q1.
The California-based Globeflex Capital Limited Partnership has invested 0.43% in Isle of Capri Casinos (NASDAQ:ISLE). Trexquant Inv Limited Partnership has invested 0.12% of its portfolio in Isle of Capri Casinos (NASDAQ:ISLE). Bnp Paribas Arbitrage accumulated 0% or 1,184 shares. The Massachusetts-based State Street Corp has invested 0% in Isle of Capri Casinos (NASDAQ:ISLE). Ny State Teachers Retirement System has 0% invested in the company for 1,900 shares. D E Shaw And Inc has invested 0.01% of its portfolio in Isle of Capri Casinos (NASDAQ:ISLE). Goldman Sachs Gru accumulated 114,161 shares or 0% of the stock. Credit Suisse Ag, a Switzerland-based fund reported 137,444 shares. California Employees Retirement Sys owns 235,100 shares or 0.01% of their US portfolio. Geode Capital Management Ltd Limited Liability Company last reported 418,902 shares in the company. Ladenburg Thalmann Svcs holds 72 shares or 0% of its portfolio. Bridgeway Mgmt holds 0.08% or 293,600 shares in its portfolio. Jpmorgan Chase & has invested 0.01% of its portfolio in Isle of Capri Casinos (NASDAQ:ISLE). Kbc Gp Nv last reported 17,518 shares in the company. The Delaware-based Blackrock Advsrs Limited Liability Company has invested 0% in Isle of Capri Casinos (NASDAQ:ISLE).
Insider Transactions: Since July 12, 2016, the stock had 0 insider purchases, and 1 insider sale for $415,745 net activity. 22,000 shares were sold by Quatmann Edmund L Jr, worth $415,745.
More notable recent Isle of Capri Casinos (NASDAQ:ISLE) news were published by: Prnewswire.com which released: “Isle Of Capri Casinos, Inc. Announces Fiscal 2017 Second Quarter Results” on December 01, 2016, also Reuters.com with their article: “BRIEF-Isle of Capri Casinos Q2 adjusted earnings per share $0.13” published on December 01, 2016, Zacks.com published: “Isle of Capri Casinos (ISLE) Lags Q2 Earnings amp; Revenues” on December 01, 2016. More interesting news about Isle of Capri Casinos (NASDAQ:ISLE) were released by: Wsj.com and their article: “Eldorado Resorts To Buy Isle of Capri Casinos for About $950 Million” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “Isle of Capri Casinos, Inc. Enters into Agreement to Sell Lady Luck Casino …” with publication date: October 13, 2016.
ISLE Company Profile
Isle of Capri Casinos, Inc., incorporated on February 14, 1990, 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 Firm owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania. Collectively, these properties feature over 12,000 slot machines and 300 table games (including approximately 80 poker tables), 2,200 hotel rooms and 40 restaurants. The Firm also operates a harness racing track at its casino in Florida. The Firm operates under two brands: Isle and Lady Luck. Isle-branded facilities are generally in larger markets with a regional draw and offer expanded amenities, whereas Lady Luck-branded facilities are in smaller markets drawing primarily from a local customer base.
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