Equities Analysts Issue Forecasts for Red Lion Hotels Co.’s Q2 2018 Earnings (RLH)

Red Lion Hotels Co. (NYSE:RLH) – Stock analysts at B. Riley cut their Q2 2018 earnings estimates for shares of Red Lion Hotels in a research note issued to investors on Monday. B. Riley analyst E. Wold now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.06. B. Riley currently has a “Buy” rating and a $13.75 target price on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q3 2018 earnings at $0.19 EPS, Q2 2019 earnings at $0.08 EPS and Q3 2019 earnings at $0.24 EPS.

Separately, Zacks Investment Research lowered Red Lion Hotels from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th.

Shares of Red Lion Hotels (RLH) opened at $10.05 on Tuesday. Red Lion Hotels has a 12 month low of $6.15 and a 12 month high of $11.70. The firm has a market capitalization of $239.80, a P/E ratio of -55.83 and a beta of 0.91. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its stake in shares of Red Lion Hotels by 71.3% in the 3rd quarter. Nationwide Fund Advisors now owns 53,223 shares of the company’s stock valued at $460,000 after purchasing an additional 22,145 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Red Lion Hotels during the 3rd quarter worth approximately $1,306,000. Vanguard Group Inc. grew its position in Red Lion Hotels by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock worth $4,029,000 after acquiring an additional 12,461 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in Red Lion Hotels during the 4th quarter worth approximately $222,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Red Lion Hotels during the 4th quarter worth approximately $447,000. Institutional investors own 67.68% of the company’s stock.

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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.

Earnings History and Estimates for Red Lion Hotels (NYSE:RLH)

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