Red Lion Hotels (NYSE:RLH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

RLH has been the subject of several other research reports. B. Riley set a $13.00 price target on Red Lion Hotels and gave the stock a “buy” rating in a report on Monday, October 23rd. ValuEngine raised Red Lion Hotels from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

Shares of Red Lion Hotels (RLH) opened at $9.70 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $229.17, a PE ratio of -53.89 and a beta of 0.77. Red Lion Hotels has a twelve month low of $6.15 and a twelve month high of $10.10.

Red Lion Hotels (NYSE:RLH) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $51.02 million during the quarter, compared to the consensus estimate of $50.69 million. Red Lion Hotels had a negative return on equity of 2.53% and a negative net margin of 1.81%. sell-side analysts forecast that Red Lion Hotels will post -0.2 EPS for the current year.

In related 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 transaction of $2,490,000.00. Following the completion of the sale, the director now owns 1,510,105 shares of the company’s stock, valued at $12,533,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas L. Mckeirnan sold 22,000 shares of Red Lion Hotels stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.22, for a total value of $202,840.00. The disclosure for this sale can be found here. Insiders own 14.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its holdings in shares of Red Lion Hotels by 8,341.0% during the second quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock worth $110,000 after purchasing an additional 14,847 shares during the period. Rhumbline Advisers lifted its holdings in shares of Red Lion Hotels by 52.4% during the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock worth $124,000 after purchasing an additional 5,780 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Red Lion Hotels by 7.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock worth $146,000 after purchasing an additional 1,300 shares during the period. Teachers Advisors LLC lifted 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 period. Finally, Nationwide Fund Advisors lifted its holdings in shares of Red Lion Hotels by 240.2% during the second quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock worth $228,000 after purchasing an additional 21,943 shares during the period. 66.84% of the stock is owned by hedge funds and other institutional investors.

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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.

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