B. Riley Reiterates Buy Rating for RLH Corporation (RLH)
RLH Corporation (NYSE:RLH)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued on Sunday. They currently have a $12.50 price objective on the stock. B. Riley’s price target points to a potential upside of 72.41% from the stock’s previous close.
Separately, Zacks Investment Research upgraded RLH Corporation from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Wednesday, June 7th.
RLH Corporation (NYSE RLH) traded up 4.32% during trading on Friday, hitting $7.25. 42,135 shares of the stock were exchanged. RLH Corporation has a 1-year low of $6.15 and a 1-year high of $9.40. The company has a 50-day moving average price of $6.94 and a 200 day moving average price of $7.06. The firm’s market capitalization is $170.67 million.
RLH Corporation (NYSE:RLH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $48.53 million during the quarter, compared to the consensus estimate of $49.94 million. RLH Corporation had a negative return on equity of 0.17% and a net margin of 0.15%. Equities analysts predict that RLH Corporation will post ($0.20) earnings per share for the current fiscal year.
In related news, Director Robert G. Wolfe purchased 7,970 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average cost of $6.72 per share, for a total transaction of $53,558.40. Following the completion of the transaction, the director now directly owns 46,926 shares in the company, valued at $315,342.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.70% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Cpcm LLC bought a new stake in shares of RLH Corporation during the fourth quarter worth about $110,000. Rhumbline Advisers increased its stake in RLH Corporation by 52.4% in the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock valued at $124,000 after buying an additional 5,780 shares during the period. Alambic Investment Management L.P. increased its stake in RLH Corporation by 10.8% in the first quarter. Alambic Investment Management L.P. now owns 20,027 shares of the company’s stock valued at $141,000 after buying an additional 1,950 shares during the period. TFS Capital LLC increased its stake in RLH Corporation by 93.8% in the first quarter. TFS Capital LLC now owns 22,243 shares of the company’s stock valued at $157,000 after buying an additional 10,764 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new stake in RLH Corporation during the second quarter valued at $162,000. Institutional investors own 62.91% of the company’s stock.
About RLH Corporation
RLH Corporation (RLHC), formerly Red Lion Hotels Corporation, 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).
Receive News & Ratings for RLH Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLH Corporation and related companies with MarketBeat.com's FREE daily email newsletter.