TheStreet upgraded shares of Red Lion Hotels Corporation (NYSE:RLH) from a d+ rating to a c rating in a research note published on Friday morning.

Other equities research analysts have also recently issued reports about the company. B. Riley reiterated a buy rating and issued a $12.50 price objective on shares of Red Lion Hotels Corporation in a report on Sunday. Zacks Investment Research cut Red Lion Hotels Corporation from a buy rating to a hold rating in a report on Thursday, June 29th.

Shares of Red Lion Hotels Corporation (RLH) opened at 7.20 on Friday. The stock’s market capitalization is $169.50 million. The firm’s 50-day moving average price is $6.94 and its 200-day moving average price is $7.06. Red Lion Hotels Corporation has a 12 month low of $6.15 and a 12 month high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last posted its quarterly earnings data 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 Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. The company had revenue of $48.53 million for the quarter, compared to analysts’ expectations of $49.94 million. On average, equities research analysts forecast that Red Lion Hotels Corporation will post ($0.20) EPS for the current year.

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In other Red Lion Hotels Corporation news, Director Robert G. Wolfe bought 7,970 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average cost of $6.72 per share, with a total value of $53,558.40. Following the purchase, the director now directly owns 46,926 shares of the company’s stock, valued at approximately $315,342.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 14.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLH. Renaissance Technologies LLC raised its position in Red Lion Hotels Corporation by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 424,589 shares of the company’s stock worth $3,545,000 after buying an additional 106,289 shares during the period. Dimensional Fund Advisors LP raised its position in Red Lion Hotels Corporation by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,720,050 shares of the company’s stock worth $14,362,000 after buying an additional 21,211 shares during the period. State Street Corp raised its position in Red Lion Hotels Corporation by 25.6% in the fourth quarter. State Street Corp now owns 178,998 shares of the company’s stock worth $1,495,000 after buying an additional 36,471 shares during the period. TFS Capital LLC raised its position in Red Lion Hotels Corporation by 93.8% in the first quarter. TFS Capital LLC now owns 22,243 shares of the company’s stock worth $157,000 after buying an additional 10,764 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Red Lion Hotels Corporation during the second quarter worth $434,000. 62.91% of the stock is currently owned by institutional investors and hedge funds.

About Red Lion Hotels Corporation

RLH Corporation (RLHC), formerly Red Lion Hotels Corporation, 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).

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