Red Lion Hotels (RLH) Downgraded by ValuEngine to Buy

ValuEngine cut shares of Red Lion Hotels (NYSE:RLH) from a strong-buy rating to a buy rating in a research report released on Tuesday.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Red Lion Hotels from a sell rating to a hold rating in a research report on Wednesday, July 11th. B. Riley raised their price target on Red Lion Hotels from $14.50 to $16.25 and gave the stock a buy rating in a research report on Wednesday, July 25th. Finally, TheStreet raised Red Lion Hotels from a c rating to a b- rating in a research report on Wednesday, August 15th.

NYSE RLH opened at $9.58 on Tuesday. Red Lion Hotels has a 1-year low of $7.95 and a 1-year high of $14.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.57 and a current ratio of 1.57.

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 consensus estimate of $0.14 by ($0.49). Red Lion Hotels had a net margin of 2.80% and a negative return on equity of 1.97%. The firm had revenue of $36.00 million during the quarter, compared to analysts’ expectations of $36.58 million.

In other news, Director Pacific Opportunity F. Columbia sold 18,200 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $13.90, for a total transaction of $252,980.00. Following the sale, the director now owns 807,905 shares in the company, valued at $11,229,879.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pacific Opportunity F. Columbia sold 50,858 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $12.36, for a total value of $628,604.88. Following the sale, the director now owns 500,000 shares in the company, valued at approximately $6,180,000. The disclosure for this sale can be found here. Insiders have sold 375,917 shares of company stock valued at $4,954,786 in the last three months. 19.70% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new stake in shares of Red Lion Hotels during the second quarter worth $155,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Red Lion Hotels by 21.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the company’s stock worth $456,000 after purchasing an additional 7,000 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Red Lion Hotels by 197.2% during the third quarter. Wells Fargo & Company MN now owns 97,552 shares of the company’s stock worth $1,220,000 after purchasing an additional 64,725 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Red Lion Hotels by 266.6% during the first quarter. Millennium Management LLC now owns 139,686 shares of the company’s stock worth $1,362,000 after purchasing an additional 101,580 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Red Lion Hotels by 4.5% during the second quarter. Russell Investments Group Ltd. now owns 208,500 shares of the company’s stock worth $2,429,000 after purchasing an additional 8,900 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.

Further Reading: Cost of Capital

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Red Lion Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply