Zacks Investment Research Upgrades Red Lion Hotels (RLH) to “Hold”
Red Lion Hotels (NYSE:RLH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Red Lion Hotels Corporation, established in 1959, is an international hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Vantage Hotels, Americas Best Value Inn, Canadas Best Value Inn, Lexington by Vantage, America’s Best Inns & Suites, Country Hearth Inns, Jameson Inn, Signature Inn and 3 Palms Hotels & Resorts brands. The company also owns and operates an entertainment and event ticket distribution business under the brand name TicketsWest. “
Several other analysts have also issued reports on the stock. B. Riley restated a “buy” rating and issued a $12.50 price objective on shares of Red Lion Hotels in a report on Thursday, October 5th. ValuEngine upgraded shares of Red Lion Hotels from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, TheStreet upgraded shares of Red Lion Hotels from a “d+” rating to a “c” rating in a report on Friday, August 4th.
Shares of Red Lion Hotels (RLH) opened at $8.90 on Tuesday. Red Lion Hotels has a fifty-two week low of $6.15 and a fifty-two week high of $9.35. 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 (NYSE:RLH) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $51.02 million for the quarter, compared to analyst estimates of $50.69 million. Red Lion Hotels had a negative net margin of 1.81% and a negative return on equity of 2.53%. research analysts expect that Red Lion Hotels will post -0.2 EPS for the current year.
In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 300,000 shares of Red Lion Hotels stock in a transaction dated 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 accessible through this hyperlink. Insiders own 14.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in Red Lion Hotels by 8,341.0% in 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 position in Red Lion Hotels by 52.4% in 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. Dorsey & Whitney Trust CO LLC grew its position in Red Lion Hotels by 7.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock valued at $146,000 after acquiring an additional 1,300 shares in the last quarter. Teachers Advisors LLC grew its position in Red Lion Hotels by 11.2% in 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. Finally, Nationwide Fund Advisors grew its position in Red Lion Hotels by 240.2% in 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. 66.84% of the stock is owned by institutional investors.
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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