Are Isle of Capri (NASDAQ:ISLE) Shares Reaching An Inflection Point; Stifel Decides to Upgrades Company


Isle of Capri (NASDAQ:ISLE) Stock Upgrade

Research professionals at Stifel’s division of equities boosted the rating on shares of Isle of Capri (NASDAQ:ISLE) from a Hold to a Buy earlier today. The analysts now have a $19 target price per share on ISLE or a 29.08% upside.

From a total of 4 analysts covering Isle of Capri Casinos (NASDAQ:ISLE) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $24 while the lowest target price is $19. The mean of all analyst targets is $22 with a 51.82% above today’s ($15.15) stock price. Isle of Capri Casinos was the topic of 4 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on December 3 with “Outperform” rating. Macquarie Research maintained ISLE stock in a recent report from September 3 with “Outperform” rating.

Approximately shares of stock traded hands. Isle of Capri Casinos (NASDAQ:ISLE) has risen 1.59% since May 4, 2015 and is uptrending. It has outperformed by 2.67% the S&P500.

The overall sentiment of institutions has decreased to 1.14 in Q2 2015. Its down 0.31, from 1.45 in 2015Q2. The ratio dropped, as 16 institutions have sold all the shares of Isle of Capri Casinos that they owned while 49 funds have taken shares off the table. 20 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 21.80 million shares or 3.96% more than the 20.97 million shares they owned in 2015Q2.

The Fund Brigade Capital Management Lp currently is holding shares equating to 1.53% of its total portfolio in Isle of Capri Casinos representing a total of 715,257 shares. Another fund,Globeflex Capital L P, is holding a total of 215,191 shares equating to 0.8% of their holdings. Additionally, Waterfront Capital Partners Llc has a 211,733 share stake in Isle of Capri Casinos which represents 0.53% of their total portfolio. The Fund, Rotella Capital Management Inc., based out of Washington, has also built up a stake in the stock, which represents a total of 0.45% of their total portfolio. Finally Usa Financial Portformulas Corp, a fund which is based in the state of Michigan reported a total holdings of 34,644 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 15, 2015, shareholders of Isle of Capri Casinos have witnessed 0 insider buys, and a total of 13 insider sales equating to a net activity of approximately $123.69 million . Glazer Alan sold 30,000 shares worth approximately $576,802. Biumi Bonnie sold 10,000 shares worth approximately $197,200. Kozicz Gregory J. sold 10,000 shares worth approximately $197,260. Wielansky Lee S sold 20,000 shares worth approximately $382,194. The company insider Goldstein Richard A sold 1.60 million shares worth $30.05M.

Isle of Capri Casinos, Inc. is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities. The company has a market cap of $598.96 million. The Firm owns or operates around 15 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania. It has 24.39 P/E ratio. Collectively, these properties feature approximately 12,700 slot machines and over 300 table games over 2,300 hotel rooms and around 45 restaurants.

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.” Get a free copy of the Zacks research report on Isle of Capri Casinos (ISLE).