Red Lion Hotels Corp. (RLH) Raised to “Buy” at Zacks Investment Research
Red Lion Hotels Corp. (NYSE:RLH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $9.50 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 12.03% from the company’s previous close.
According to Zacks, “WestCoast Hospitality Corporation serves the western United States with thousands of hotel rooms in different hotels. WestCoast provides entertainment services through TicketsWest.com, which encompasses a computerized ticket company with operations in Washington, Oregon, Idaho, Montana and Colorado, and WestCoast Entertainment, a Broadway and special event presenting company. TicketsWest.com services are available through its website, at www.TicketsWest.com, stand-alone outlets and a 24-hour toll free call center. (PRESS RELEASE) “
Separately, B. Riley reaffirmed a “buy” rating and set a $12.50 price target on shares of Red Lion Hotels Corp. in a research report on Tuesday.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/red-lion-hotels-corp-rlh-raised-to-buy-at-zacks-investment-research.html
Red Lion Hotels Corp. (NYSE:RLH) traded up 0.24% during mid-day trading on Friday, hitting $8.48. The stock had a trading volume of 8,670 shares. The company has a 50 day moving average price of $7.42 and a 200 day moving average price of $7.61. The stock’s market cap is $171.54 million. Red Lion Hotels Corp. has a one year low of $5.45 and a one year high of $8.90.
A number of hedge funds have recently made changes to their positions in RLH. Schwab Charles Investment Management Inc. purchased a new position in Red Lion Hotels Corp. during the second quarter worth $162,000. Teachers Advisors Inc. purchased a new position in Red Lion Hotels Corp. during the second quarter worth $170,000. California State Teachers Retirement System purchased a new position in Red Lion Hotels Corp. during the second quarter worth $216,000. Mesirow Financial Investment Management US Value Equity purchased a new position in Red Lion Hotels Corp. during the first quarter worth $283,000. Finally, Mesirow Financial Investment Management Equity Management boosted its position in 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 worth $275,000 after buying an additional 4,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Red Lion Hotels Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels Corp. and related companies with MarketBeat.com's FREE daily email newsletter.