Red Lion Hotels Co. (NYSE:RLH) – Stock analysts at B. Riley upped their Q4 2018 earnings estimates for shares of Red Lion Hotels in a research report issued to clients and investors on Monday. B. Riley analyst E. Wold now forecasts that the company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.10). B. Riley has a “Buy” rating and a $13.75 price target on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q1 2019 earnings at ($0.15) EPS and Q4 2019 earnings at $0.00 EPS.
Separately, Zacks Investment Research cut Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th.
Large investors have recently added to or reduced their stakes in the company. Cpwm LLC bought a new stake in shares of Red Lion Hotels during the fourth quarter worth about $103,000. The Manufacturers Life Insurance Company grew its holdings in shares of Red Lion Hotels by 236.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 16,095 shares of the company’s stock worth $159,000 after purchasing an additional 11,309 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Red Lion Hotels during the fourth quarter worth about $166,000. Teachers Advisors LLC grew its holdings in shares of Red Lion Hotels by 11.2% during the second quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock worth $216,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Red Lion Hotels by 51.5% during the fourth quarter. Wells Fargo & Company MN now owns 22,355 shares of the company’s stock worth $220,000 after purchasing an additional 7,601 shares during the last quarter. Institutional investors own 67.68% of the company’s stock.
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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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