Red Lion Hotels Corporation (NYSE:RLH) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other analysts have also recently commented on RLH. B. Riley restated a “buy” rating and issued a $12.50 price objective on shares of Red Lion Hotels Corporation in a research report on Tuesday, August 1st. TheStreet upgraded Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Red Lion Hotels Corporation from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Saturday, August 19th.

Shares of Red Lion Hotels Corporation (NYSE RLH) traded down 1.32% during mid-day trading on Friday, hitting $7.45. 77,540 shares of the stock traded hands. The company’s 50-day moving average price is $7.14 and its 200 day moving average price is $6.87. The company’s market capitalization is $175.90 million. Red Lion Hotels Corporation has a 1-year low of $6.15 and a 1-year high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $48.53 million during the quarter, compared to analysts’ expectations of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. Equities research analysts forecast that Red Lion Hotels Corporation will post ($0.20) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. increased its position in shares of Red Lion Hotels Corporation by 15.5% during the second quarter. Wasatch Advisors Inc. now owns 242,600 shares of the company’s stock worth $1,783,000 after purchasing an additional 32,600 shares in the last quarter. Raffles Associates LP increased its position in shares of Red Lion Hotels Corporation by 6.1% during the second quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock worth $4,737,000 after purchasing an additional 36,938 shares in the last quarter. CWH Capital Management Inc. increased its position in shares of Red Lion Hotels Corporation by 2.7% during the second quarter. CWH Capital Management Inc. now owns 38,373 shares of the company’s stock worth $282,000 after purchasing an additional 1,000 shares in the last quarter. State Street Corp increased its position in shares of Red Lion Hotels Corporation by 10.1% during the second quarter. State Street Corp now owns 197,614 shares of the company’s stock worth $1,454,000 after purchasing an additional 18,116 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Red Lion Hotels Corporation by 9.1% during the second quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock worth $4,991,000 after purchasing an additional 56,400 shares in the last quarter. Hedge funds and other institutional investors own 63.28% of the company’s stock.

About Red Lion Hotels Corporation

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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