Manikay Partners Exits Position in Isle of Capri Casinos (ISLE)

Isle of Capri Casinos (ISLE) : Manikay Partners has sold out all of its stake in Isle of Capri Casinos during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 69,662 shares of Isle of Capri Casinos which is valued at $1,262,275.

Other Hedge Funds, Including , Qs Investors reduced its stake in ISLE by selling 1,047 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 208,423 shares of ISLE which is valued at $3,776,625. Isle of Capri Casinos makes up approx 0.03% of Qs Investors’s portfolio.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 $10,926,269. Isle of Capri Casinos makes up approx 0.03% of Citadel Advisors’s portfolio.Scout Investments boosted its stake in ISLE in the latest quarter, The investment management firm added 5,785 additional shares and now holds a total of 16,405 shares of Isle of Capri Casinos which is valued at $300,212. Isle of Capri Casinos makes up approx 0.01% of Scout Investments’s portfolio. Msi Financial Services Inc added ISLE to its portfolio by purchasing 8,602 company shares during the most recent quarter which is valued at $159,997. Isle of Capri Casinos makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Private Vista boosted its stake in ISLE in the latest quarter, The investment management firm added 38,729 additional shares and now holds a total of 121,655 shares of Isle of Capri Casinos which is valued at $2,270,082. Isle of Capri Casinos makes up approx 0.74% of Private Vista’s portfolio.

Isle of Capri Casinos closed down -0.09 points or -0.52% at $17.26 with 3,60,158 shares getting traded on Thursday. Post opening the session at $17.44, the shares hit an intraday low of $17.21 and an intraday high of $17.47 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Company shares were Reiterated by Stifel on Jun 15, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on Jun 14, 2016 to “Market Perform”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .Telsey Advisory Group Downgraded Isle of Capri Casinos on May 31, 2016 to ” Market Perform”, Price Target of the shares are set at $18.

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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