B. Riley Analysts Give Red Lion Hotels Co. (RLH) a $13.00 Price Target
Red Lion Hotels Co. (NYSE:RLH) has been assigned a $13.00 price objective by equities research analysts at B. Riley in a research note issued on Monday. The firm currently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 53.85% from the company’s previous close.
Several other research analysts have also issued reports on RLH. Zacks Investment Research lowered shares of Red Lion Hotels from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet raised shares of Red Lion Hotels from a “d+” rating to a “c” rating in a report on Friday, August 4th. Finally, ValuEngine lowered shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Friday, September 15th.
Shares of Red Lion Hotels (NYSE:RLH) traded up 1.18% during mid-day trading on Monday, reaching $8.55. The company had a trading volume of 11,383 shares. The company’s market capitalization is $201.87 million. The company’s 50-day moving average price is $8.21 and its 200-day moving average price is $7.15. Red Lion Hotels has a 52-week low of $6.15 and a 52-week high of $9.40.
Red Lion Hotels (NYSE:RLH) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. Red Lion Hotels had a net margin of 0.15% and a negative return on equity of 0.17%. The firm had revenue of $48.53 million during the quarter, compared to analyst estimates of $49.94 million. On average, analysts forecast that Red Lion Hotels will post ($0.22) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Cpcm LLC acquired a new stake in shares of Red Lion Hotels during the fourth quarter worth approximately $110,000. Citigroup Inc. increased its holdings in shares of Red Lion Hotels by 8,341.0% during the second quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock worth $110,000 after buying an additional 14,847 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Red Lion Hotels by 52.4% during the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock worth $124,000 after buying an additional 5,780 shares in the last quarter. Alambic Investment Management L.P. increased its holdings in shares of Red Lion Hotels by 10.8% during the first quarter. Alambic Investment Management L.P. now owns 20,027 shares of the company’s stock worth $141,000 after buying an additional 1,950 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Red Lion Hotels by 7.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock worth $146,000 after buying an additional 1,300 shares in the last quarter. 63.28% of the stock is owned by institutional investors.
Red Lion Hotels 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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