Red Lion Hotels (RLH) PT Raised to $13.75 at B. Riley

Red Lion Hotels (NYSE:RLH) had its price target increased by research analysts at B. Riley from $12.50 to $13.75 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 51.93% from the stock’s current price.

RLH has been the subject of several other reports. Zacks Investment Research raised Red Lion Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Red Lion Hotels from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, TheStreet raised Red Lion Hotels from a “d+” rating to a “c” rating in a research report on Friday, August 4th.

Shares of Red Lion Hotels (RLH) traded up $0.15 during mid-day trading on Thursday, hitting $9.05. The company’s stock had a trading volume of 126,614 shares, compared to its average volume of 55,239. Red Lion Hotels has a twelve month low of $6.15 and a twelve month high of $9.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 1.35.

Red Lion Hotels (NYSE:RLH) last issued its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $51.02 million during the quarter, compared to analysts’ expectations of $50.69 million. Red Lion Hotels had a negative return on equity of 2.53% and a negative net margin of 1.81%. equities analysts forecast that Red Lion Hotels will post -0.2 EPS for the current year.

In other news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $8.30, for a total value of $2,490,000.00. Following the completion of the transaction, the director now directly owns 1,510,105 shares of the company’s stock, valued at approximately $12,533,871.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 14.70% of the company’s stock.

A number of large investors have recently made changes to their positions in RLH. Sorin Capital Management LLC acquired a new position in Red Lion Hotels during the 2nd quarter valued at about $1,413,000. B. Riley Financial Inc. acquired a new position in Red Lion Hotels during the 3rd quarter valued at about $1,517,000. Segall Bryant & Hamill LLC acquired a new position in Red Lion Hotels during the 3rd quarter valued at about $1,306,000. BB&T Securities LLC acquired a new position in Red Lion Hotels during the 2nd quarter valued at about $1,041,000. Finally, Kennedy Capital Management Inc. acquired a new position in Red Lion Hotels during the 2nd quarter valued at about $797,000. 66.84% of the stock is currently owned by institutional investors.

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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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