Red Lion Hotels (NYSE:RLH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
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 weighed in on the stock. ValuEngine lowered shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 6th. B. Riley set a $13.00 price target on shares of Red Lion Hotels and gave the company a “buy” rating in a research report on Thursday, December 27th. Finally, TheStreet lowered shares of Red Lion Hotels from a “b-” rating to a “c” rating in a research report on Friday, September 21st.
Red Lion Hotels (NYSE:RLH) last released its quarterly earnings data on Monday, November 5th. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.49). The business had revenue of $36.00 million during the quarter, compared to analyst estimates of $36.58 million. Red Lion Hotels had a negative return on equity of 7.37% and a net margin of 7.32%. As a group, equities analysts predict that Red Lion Hotels will post -0.43 earnings per share for the current year.
In other Red Lion Hotels news, major shareholder Coliseum Capital Management, L purchased 109,832 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were purchased at an average cost of $7.39 per share, with a total value of $811,658.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders bought 530,667 shares of company stock worth $3,874,380. Insiders own 19.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its stake in shares of Red Lion Hotels by 6.7% in the third quarter. Vanguard Group Inc now owns 913,236 shares of the company’s stock worth $11,415,000 after buying an additional 57,301 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Red Lion Hotels by 6.7% in the third quarter. Vanguard Group Inc. now owns 913,236 shares of the company’s stock worth $11,415,000 after buying an additional 57,301 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Red Lion Hotels by 48.3% in the third quarter. Bamco Inc. NY now owns 445,000 shares of the company’s stock worth $5,562,000 after buying an additional 145,000 shares in the last quarter. Manatuck Hill Partners LLC lifted its stake in shares of Red Lion Hotels by 34.6% in the third quarter. Manatuck Hill Partners LLC now owns 936,298 shares of the company’s stock worth $11,704,000 after buying an additional 240,658 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Red Lion Hotels by 2.0% during the third quarter. Renaissance Technologies LLC now owns 668,500 shares of the company’s stock worth $8,356,000 after purchasing an additional 12,800 shares during the period. 77.37% of the stock is currently owned by hedge funds and other institutional investors.
Red Lion Hotels Company Profile
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, and Country Hearth Inns & Suites brands; America's Best Inn & Suites, Jameson Inns, Lexington Hotels & Inns, and 3 Palm Hotels brands; and Value Inn Worldwide and Value Hotel Worldwide brands.
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