Macquarie Downgrades Isle of Capri Casinos to Neutral

Brokerage firm Macquarie Downgrades its rating on Isle of Capri Casinos(NASDAQ:ISLE). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Sep 21, 2016.

Isle of Capri Casinos (ISLE) made into the market gainers list on Tuesdays trading session with the shares advancing 1.27% or 0.28 points. Due to strong positive momentum, the stock ended at $22.32, which is also near the day’s high of $22.44. The stock began the session at $22.02 and the volume stood at 26,17,575 shares. The 52-week high of the shares is $22.44 and the 52 week low is $10.62. The company has a current market capitalization of $922 M and it has 4,13,03,063 shares in outstanding.

Isle of Capri Casinos(ISLE) last announced its earnings results on Aug 30, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $240.86M. Analysts had an estimated revenue of $246.89M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Edmund L Jr Quatmann (Chief Legal Officer) sold 22,000 shares at $18.90 per share price.Also, On Sep 11, 2015, Alan Glazer (director) sold 30,000 shares at $19.26 per share price.On Sep 10, 2015, Bonnie Biumi (director) sold 10,000 shares at $19.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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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