Red Lion Hotels (RLH) Stock Rating Reaffirmed by B. Riley

Red Lion Hotels (NYSE:RLH)‘s stock had its “buy” rating restated by investment analysts at B. Riley in a research note issued on Thursday. They currently have a $13.75 price objective on the stock. B. Riley’s target price indicates a potential upside of 18.53% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. ValuEngine raised shares of Red Lion Hotels from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Red Lion Hotels from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th.

Red Lion Hotels (NYSE RLH) traded up $0.35 during mid-day trading on Thursday, hitting $11.60. 315,530 shares of the stock were exchanged, compared to its average volume of 133,177. The stock has a market capitalization of $253.98, a PE ratio of -64.44 and a beta of 0.77. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Red Lion Hotels has a twelve month low of $6.15 and a twelve month high of $11.70.

Red Lion Hotels (NYSE:RLH) last released its earnings results on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 1.81% and a negative return on equity of 2.53%. equities research analysts expect that Red Lion Hotels will post -0.2 earnings per share for the current year.

In related news, VP Thomas L. Mckeirnan sold 22,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $9.22, for a total transaction of $202,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pacific Opportunity F. Columbia sold 300,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $8.30, for a total transaction of $2,490,000.00. Following the sale, the director now directly owns 1,510,105 shares of the company’s stock, valued at approximately $12,533,871.50. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. grew its stake in Red Lion Hotels by 8,341.0% during the 2nd quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock valued at $110,000 after acquiring an additional 14,847 shares in the last quarter. Rhumbline Advisers grew its stake in Red Lion Hotels by 52.4% during the 2nd quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock valued at $124,000 after acquiring an additional 5,780 shares in the last quarter. Teachers Advisors LLC grew its stake in Red Lion Hotels by 11.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock valued at $216,000 after acquiring an additional 2,963 shares in the last quarter. Nationwide Fund Advisors grew its stake in Red Lion Hotels by 240.2% during the 2nd quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock valued at $228,000 after acquiring an additional 21,943 shares in the last quarter. Finally, CWH Capital Management Inc. grew its stake in Red Lion Hotels by 2.7% during the 2nd quarter. CWH Capital Management Inc. now owns 38,373 shares of the company’s stock valued at $282,000 after acquiring an additional 1,000 shares in the last quarter. 66.84% of the stock is owned by institutional investors.

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About Red Lion Hotels

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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