Red Lion Hotels Corporation (RLH) Upgraded to “C” at TheStreet

Red Lion Hotels Corporation (NYSE:RLH) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued on Friday, August 4th.

RLH has been the topic of a number of other reports. Zacks Investment Research lowered Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. B. Riley restated a “buy” rating and issued a $12.50 target price on shares of Red Lion Hotels Corporation in a research note on Monday, June 26th.

Red Lion Hotels Corporation (RLH) opened at 6.95 on Friday. Red Lion Hotels Corporation has a 52-week low of $6.15 and a 52-week high of $9.40. The company’s market cap is $164.10 million. The stock’s 50 day moving average is $7.12 and its 200 day moving average is $6.98.

Red Lion Hotels Corporation (NYSE:RLH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. Equities research analysts forecast that Red Lion Hotels Corporation will post ($0.20) earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. raised its stake in shares of Red Lion Hotels Corporation by 15.5% in the second quarter. Wasatch Advisors Inc. now owns 242,600 shares of the company’s stock valued at $1,783,000 after buying an additional 32,600 shares during the last quarter. Raffles Associates LP raised its stake in shares of Red Lion Hotels Corporation by 6.1% in the second quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock valued at $4,737,000 after buying an additional 36,938 shares during the last quarter. CWH Capital Management Inc. raised its stake in Red Lion Hotels Corporation by 2.7% in the second quarter. CWH Capital Management Inc. now owns 38,373 shares of the company’s stock worth $282,000 after buying an additional 1,000 shares during the last quarter. State Street Corp raised its stake in Red Lion Hotels Corporation by 10.1% in the second quarter. State Street Corp now owns 197,614 shares of the company’s stock worth $1,454,000 after buying an additional 18,116 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its stake in Red Lion Hotels Corporation by 9.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock worth $4,991,000 after buying an additional 56,400 shares during the last quarter. Hedge funds and other institutional investors own 63.58% of the company’s stock.

About Red Lion Hotels Corporation

RLH Corporation (RLHC), formerly Red Lion Hotels Corporation, 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).

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