Red Lion Hotels Corp. (RLH) Rating Reiterated by B. Riley
Red Lion Hotels Corp. (NYSE:RLH)‘s stock had its “buy” rating reissued by analysts at B. Riley in a report released on Sunday. They currently have a $12.50 price target on the stock. B. Riley’s target price indicates a potential upside of 47.41% from the stock’s current price.
Separately, Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
Red Lion Hotels Corp. (NYSE:RLH) opened at 8.48 on Friday. The firm’s market cap is $171.54 million. The company has a 50-day moving average of $7.42 and a 200-day moving average of $7.61. Red Lion Hotels Corp. has a 52 week low of $5.45 and a 52 week high of $8.90.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. acquired a new position in Red Lion Hotels Corp. during the second quarter worth $162,000. Teachers Advisors Inc. acquired a new position in Red Lion Hotels Corp. during the second quarter worth $170,000. Goldman Sachs Group Inc. raised its position in Red Lion Hotels Corp. by 107.3% in the first quarter. Goldman Sachs Group Inc. now owns 28,461 shares of the company’s stock worth $240,000 after buying an additional 14,733 shares during the period. California State Teachers Retirement System acquired a new position in Red Lion Hotels Corp. during the second quarter worth $216,000. Finally, Mesirow Financial Investment Management US Value Equity acquired a new position in Red Lion Hotels Corp. during the first quarter worth $283,000. 64.53% of the stock is currently 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.
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