Lafitte Capital Management Lp buys $13,822,808 stake in Isle of Capri Casinos (ISLE)

Isle of Capri Casinos (ISLE) : Lafitte Capital Management Lp scooped up 216,000 additional shares in Isle of Capri Casinos during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 634,656 shares of Isle of Capri Casinos which is valued at $13,822,808.Isle of Capri Casinos makes up approximately 8.09% of Lafitte Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management sold out all of its stake in ISLE during the most recent quarter. The investment firm sold 31,100 shares of ISLE which is valued $677,358.Citadel Advisors boosted its stake in ISLE in the latest quarter, The investment management firm added 191,742 additional shares and now holds a total of 602,995 shares of Isle of Capri Casinos which is valued at $12,662,895. Isle of Capri Casinos makes up approx 0.03% of Citadel Advisors’s portfolio.Rhumbline Advisers boosted its stake in ISLE in the latest quarter, The investment management firm added 419 additional shares and now holds a total of 25,134 shares of Isle of Capri Casinos which is valued at $511,226. Neuberger Berman Group added ISLE to its portfolio by purchasing 34,334 company shares during the most recent quarter which is valued at $709,340.American Century Companies Inc reduced its stake in ISLE by selling 141,588 shares or 40.24% in the most recent quarter. The Hedge Fund company now holds 210,230 shares of ISLE which is valued at $4,343,352. Isle of Capri Casinos makes up approx 0.01% of American Century Companies Inc’s portfolio.

Isle of Capri Casinos closed down -0.25 points or -1.11% at $22.21 with 1,52,966 shares getting traded on Monday. Post opening the session at $22.34, the shares hit an intraday low of $22.19 and an intraday high of $22.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Isle of Capri Casinos reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 30, 2016. Analyst had a consensus of $0.30. The company had revenue of $240.86 million for the quarter, compared to analysts expectations of $246.88 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Isle of Capri Casinos. Isle of Capri Casinos was Downgraded by Macquarie to ” Neutral” on Sep 21, 2016. Isle of Capri Casinos was Downgraded by Gabelli & Co to ” Hold” on Sep 20, 2016.

Isle of Capri Casinos Inc. is a developer owner and operator of branded gaming facilities and related dining lodging and entertainment facilities. The Company owns or operates around 15 gaming and entertainment facilities in Colorado Florida Iowa Louisiana Mississippi Missouri and Pennsylvania. Collectively these properties feature approximately 12700 slot machines and over 300 table games (including approximately 80 poker tables) over 2300 hotel rooms and around 45 restaurants. It also operates a harness racing track at its casino in Florida. It operates under two brands: Isle and Lady Luck. Isle-branded facilities are in larger markets whereas Lady Luck-branded facilities are in smaller markets. Its casino properties include Isle Casino Hotel-Black Hawk Lady Luck Casino-Black Hawk Pompano Park Bettendorf Marquette Waterloo Lake Charles Lula Natchez Vicksburg Boonville Cape Girardeau Caruthersville Kansas City and Nemacolin.

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