Red Lion Hotels (RLH) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Red Lion Hotels (NYSE:RLH) from a sell rating to a hold rating in a report released on Wednesday morning.
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. “
A number of other equities research analysts also recently issued reports on RLH. B. Riley set a $13.00 price target on Red Lion Hotels and gave the company a buy rating in a research report on Thursday, August 17th. ValuEngine raised Red Lion Hotels from a sell rating to a hold rating in a research report on Wednesday, September 6th.
Shares of Red Lion Hotels (NYSE:RLH) traded down $0.20 during trading hours on Wednesday, hitting $9.25. The stock had a trading volume of 46,200 shares, compared to its average volume of 56,777. 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 $9.60.
Red Lion Hotels (NYSE:RLH) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. Red Lion Hotels had a negative return on equity of 2.53% and a negative net margin of 1.81%. The firm had revenue of $51.02 million during the quarter, compared to the consensus estimate of $50.69 million. research analysts anticipate that Red Lion Hotels will post -0.2 earnings per share for the current fiscal year.
In other Red Lion Hotels news, VP Thomas L. Mckeirnan sold 22,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.22, for a total transaction of $202,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pacific Opportunity F. Columbia sold 300,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $8.30, for a total value 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 insiders.
A number of hedge funds have recently bought and sold shares of the business. Sorin Capital Management LLC purchased a new stake in shares of Red Lion Hotels in the second quarter worth about $1,413,000. B. Riley Financial Inc. purchased a new stake in shares of Red Lion Hotels in the third quarter worth about $1,517,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Red Lion Hotels in the third quarter worth about $1,306,000. BB&T Securities LLC purchased a new stake in shares of Red Lion Hotels in the second quarter worth about $1,041,000. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Red Lion Hotels in the second quarter worth about $797,000. 66.84% of the stock is owned by hedge funds and other 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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