Markets

Eldorado Resorts acquires Isle of Capri Casinos

Eldorado Resorts acquires Isle of Capri Casinos

TheStreet raised Isle of Capri Casinos from a "hold" rating to a "buy" rating in a research note on Tuesday, June 14th. The stock is going forward to its 52-week low with 107.53% and lagging behind from its 52-week high price with 2.85%.

EARLY LEADERS: General Electric gained 27 cents to $29.95 to lead industrial companies, while Honeywell climbed $1.39, or 1.2 percent, to $115.65 and power management company Eaton rose $1.43, or 2.3 percent, to $63.78. The share price is trading in a range of $21.97 - 22.35. The company's 50-day moving average is $17.92 and its 200-day moving average is $16.23. No single market accounted for more than 15% of the combined entity's Adjusted EBITDA for the twelve month periods ended the last day of the most recent fiscal quarter for each of Eldorado and Isle.

09/03/2015 - Isle of Capri Casinos, Inc. had its "outperform" rating reiterated by analysts at Macquarie. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%.

According to the Last Earnings Report, U.S. Bancorp reported Actual EPS of $0.83/Share whereas, the Analyst Estimated EPS was $0.8/share. The firm's quarterly revenue was down 2.5% compared to the same quarter a year ago.

03/04/2015 - Isle of Capri Casinos, Inc. was upgraded to "outperform" by analysts at Zacks.

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In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the company's stock in a transaction that occurred on Wednesday, July 13th.

These professional investors have substantial teams of analysts that research thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching. Downgrades happen when analysts believe that the future prospects for the security have weakened from the original recommendation, usually due to a material and crucial change in the company's procedures, future outlook or industry. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. They built the first riverboat casino in America.

As stocks looked exhausted ahead of this week's central bank meetings, Infoblox Inc (NYSE: BLOX ), Isle of Capri Casinos (NASDAQ: ISLE ) and Sarepta Therapeutics Inc (NASDAQ: SRPT ) provided plenty of excitement. ("Eldorado") (NASDAQ GS: ERI), in a transaction valued at approximately $1.7 billion.

MGT Capital Investments, Inc.

"In our business there are risks and what that does, by giving us 20 casinos in 10 different states, is make it so no one casino will contribute more than 15 percent to (Earnings Before Interest, Taxes, Depreciation and Amortization)", Gary Carano, chairman and CEO of Eldorado Resorts, told the Reno Gazette-Journal. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.


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