Red Lion Hotels (NYSE:RLH) had its target price raised by B. Riley from $12.50 to $13.75 in a research report report published on Thursday, Marketbeat reports. B. Riley currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on RLH. Zacks Investment Research cut Red Lion Hotels from a hold rating to a sell rating in a report on Friday, October 27th. ValuEngine raised Red Lion Hotels from a sell rating to a hold rating in a report on Tuesday, September 26th. Finally, TheStreet raised Red Lion Hotels from a d+ rating to a c rating in a report on Friday, August 4th.
Red Lion Hotels (NYSE:RLH) opened at $9.10 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. Red Lion Hotels has a twelve month low of $6.15 and a twelve month high of $9.35.
In other news, Director Pacific Opportunity F. Columbia sold 300,000 shares of Red Lion Hotels stock in a transaction that occurred on 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 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 SEC, which is accessible through this link. Insiders own 14.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RLH. Sorin Capital Management LLC acquired a new position in shares of Red Lion Hotels during the second quarter valued at approximately $1,413,000. B. Riley Financial Inc. acquired a new position in Red Lion Hotels in the third quarter worth approximately $1,517,000. Segall Bryant & Hamill LLC acquired a new position in Red Lion Hotels in the third quarter worth approximately $1,306,000. BB&T Securities LLC acquired a new position in Red Lion Hotels in the second quarter worth approximately $1,041,000. Finally, Kennedy Capital Management Inc. acquired a new position in Red Lion Hotels in the second quarter worth approximately $797,000. Institutional investors and hedge funds own 66.84% of the company’s stock.
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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