Red Lion Hotels’ (RLH) Buy Rating Reaffirmed at B. Riley

B. Riley reissued their buy rating on shares of Red Lion Hotels (NYSE:RLH) in a research report sent to investors on Wednesday morning. The brokerage currently has a $13.75 price objective on the stock.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Red Lion Hotels from a hold rating to a sell rating in a research report on Friday, October 27th. ValuEngine raised shares of Red Lion Hotels from a sell rating to a hold rating in a research report on Tuesday, September 26th.

Red Lion Hotels (NYSE RLH) remained flat at $$9.85 during trading hours on Wednesday. 82,695 shares of the company were exchanged, compared to its average volume of 93,361. The firm has a market cap of $232.72, a price-to-earnings ratio of -54.72 and a beta of 0.76. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.46. Red Lion Hotels has a 12-month low of $6.15 and a 12-month high of $9.95.

Red Lion Hotels (NYSE:RLH) last released its earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $51.02 million during the quarter, compared to the consensus estimate of $50.69 million. Red Lion Hotels had a negative net margin of 1.81% and a negative return on equity of 2.53%. analysts forecast that Red Lion Hotels will post -0.2 earnings per share for the current fiscal year.

In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the 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 transaction, the director now directly owns 1,510,105 shares in the company, valued at approximately $12,533,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas L. Mckeirnan sold 22,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $9.22, for a total value of $202,840.00. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Red Lion Hotels by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock worth $15,758,000 after buying an additional 31,062 shares in the last quarter. Eidelman Virant Capital lifted its holdings in shares of Red Lion Hotels by 7.0% in the 3rd quarter. Eidelman Virant Capital now owns 1,315,981 shares of the company’s stock worth $11,383,000 after purchasing an additional 86,000 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of Red Lion Hotels by 9.1% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock worth $4,991,000 after purchasing an additional 56,400 shares in the last quarter. Raffles Associates LP lifted its holdings in shares of Red Lion Hotels by 6.1% in the 2nd quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock worth $4,737,000 after purchasing an additional 36,938 shares in the last quarter. Finally, First Washington CORP lifted its holdings in shares of Red Lion Hotels by 2.1% in the 2nd quarter. First Washington CORP now owns 619,460 shares of the company’s stock worth $4,553,000 after purchasing an additional 12,500 shares in the last quarter. Hedge funds and other institutional investors own 66.84% of the company’s stock.

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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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