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, Zacks.com reports.

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 analysts have also commented on the stock. B. Riley set a $11.00 price objective on shares of Red Lion Hotels and gave the stock a buy rating in a research report on Tuesday, September 24th. ValuEngine raised shares of Red Lion Hotels from a hold rating to a buy rating in a research report on Wednesday, October 2nd.

Shares of RLH stock opened at $6.33 on Wednesday. The company’s fifty day simple moving average is $5.95 and its 200-day simple moving average is $6.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. Red Lion Hotels has a 12 month low of $5.00 and a 12 month high of $13.23.

Red Lion Hotels (NYSE:RLH) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.07). The business had revenue of $28.93 million during the quarter, compared to the consensus estimate of $31.15 million. Red Lion Hotels had a negative return on equity of 8.48% and a negative net margin of 4.41%. As a group, sell-side analysts forecast that Red Lion Hotels will post -0.17 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of RLH. BNP Paribas Arbitrage SA increased its holdings in Red Lion Hotels by 508.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,346 shares of the company’s stock worth $27,000 after buying an additional 2,796 shares during the last quarter. Eidelman Virant Capital increased its holdings in Red Lion Hotels by 7.7% during the first quarter. Eidelman Virant Capital now owns 765,000 shares of the company’s stock worth $6,181,000 after buying an additional 55,000 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Red Lion Hotels by 12.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 57,820 shares of the company’s stock worth $410,000 after buying an additional 6,250 shares during the last quarter. Creative Planning increased its holdings in Red Lion Hotels by 21.4% during the second quarter. Creative Planning now owns 17,000 shares of the company’s stock worth $121,000 after buying an additional 3,000 shares during the last quarter. Finally, Cpwm LLC increased its holdings in Red Lion Hotels by 13.2% during the second quarter. Cpwm LLC now owns 17,988 shares of the company’s stock worth $128,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 74.69% of the company’s stock.

About Red Lion Hotels

Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, Knights Inn, and Country Hearth Inns & Suites brands.

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