Red Lion Hotels (RLH) Downgraded to “Sell” at Zacks Investment Research

Red Lion Hotels (NYSE:RLH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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. “

Several other research analysts also recently commented on RLH. ValuEngine downgraded shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Friday, September 15th. B. Riley reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Red Lion Hotels in a report on Monday, October 30th.

Red Lion Hotels (NYSE RLH) traded down $0.15 on Thursday, reaching $9.50. 9,942 shares of the company traded hands, compared to its average volume of 60,800. The company has a market cap of $229.17, a P/E ratio of -52.78 and a beta of 0.77. Red Lion Hotels has a 52 week low of $6.15 and a 52 week high of $10.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36.

Red Lion Hotels (NYSE:RLH) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The company 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%. equities analysts anticipate that Red Lion Hotels will post -0.2 earnings per share for the current year.

In other Red Lion Hotels news, VP Thomas L. Mckeirnan sold 22,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $9.22, for a total value of $202,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pacific Opportunity F. Columbia sold 300,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $8.30, for a total transaction of $2,490,000.00. Following the completion of the transaction, the director now directly owns 1,510,105 shares of the company’s stock, valued at $12,533,871.50. The disclosure for this sale can be found here. 14.70% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in RLH. Sorin Capital Management LLC bought a new position in Red Lion Hotels in the 2nd quarter valued at $1,413,000. B. Riley Financial Inc. bought a new stake in shares of Red Lion Hotels during the 3rd quarter worth $1,517,000. Segall Bryant & Hamill LLC bought a new stake in shares of Red Lion Hotels during the 3rd quarter worth $1,306,000. Kennedy Capital Management Inc. bought a new stake in shares of Red Lion Hotels during the 2nd quarter worth $797,000. Finally, Eidelman Virant Capital lifted its holdings in shares of Red Lion Hotels by 7.0% during the 3rd quarter. Eidelman Virant Capital now owns 1,315,981 shares of the company’s stock worth $11,383,000 after acquiring an additional 86,000 shares during the last quarter. 66.84% of the stock is owned by hedge funds and other institutional investors.

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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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