Red Lion Hotels Corp. (RLH) Stock Price Down 1.9%
Red Lion Hotels Corp. (NYSE:RLH) traded down 1.9% on Wednesday . The company traded as low as $7.50 and last traded at $7.63, with a volume of 69,007 shares changing hands. The stock had previously closed at $7.78.
Several equities research analysts recently commented on RLH shares. B. Riley reiterated a “buy” rating and set a $11.00 target price on shares of Red Lion Hotels Corp. in a research report on Saturday, July 16th. Zacks Investment Research upgraded shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm’s market cap is $156.98 million. The company has a 50 day moving average of $6.92 and a 200-day moving average of $7.57.
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Several large investors have recently made changes to their positions in RLH. Schwab Charles Investment Management Inc. bought a new stake in shares of Red Lion Hotels Corp. during the second quarter valued at $162,000. Teachers Advisors Inc. bought a new stake in shares of Red Lion Hotels Corp. during the second quarter valued at $170,000. California State Teachers Retirement System bought a new stake in shares of Red Lion Hotels Corp. during the second quarter valued at $216,000. Mesirow Financial Investment Management Equity Management boosted its stake in shares of Red Lion Hotels Corp. by 12.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 37,836 shares of the company’s stock valued at $275,000 after buying an additional 4,253 shares in the last quarter. Finally, Mesirow Financial Investment Management US Value Equity bought a new stake in shares of Red Lion Hotels Corp. during the first quarter valued at $283,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Red Lion Hotels Corp. Company Profile
Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.
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