Russell Investments Group Ltd. raised its stake in Red Lion Hotels Co. (NYSE:RLH) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,200 shares of the company’s stock after buying an additional 9,700 shares during the period. Russell Investments Group Ltd. owned 0.90% of Red Lion Hotels worth $2,728,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of RLH. Portolan Capital Management LLC boosted its position in Red Lion Hotels by 70.6% in the second quarter. Portolan Capital Management LLC now owns 1,020,676 shares of the company’s stock valued at $11,891,000 after buying an additional 422,468 shares in the last quarter. Royce & Associates LP raised its stake in shares of Red Lion Hotels by 33.6% during the second quarter. Royce & Associates LP now owns 768,400 shares of the company’s stock valued at $8,952,000 after acquiring an additional 193,400 shares during the last quarter. Rutabaga Capital Management LLC MA raised its stake in shares of Red Lion Hotels by 22.3% during the second quarter. Rutabaga Capital Management LLC MA now owns 613,428 shares of the company’s stock valued at $7,146,000 after acquiring an additional 111,899 shares during the last quarter. Millennium Management LLC raised its stake 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 valued at $1,362,000 after acquiring an additional 101,580 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Red Lion Hotels by 8.7% during the second quarter. Renaissance Technologies LLC now owns 655,700 shares of the company’s stock valued at $7,639,000 after acquiring an additional 52,700 shares during the last quarter. Hedge funds and other institutional investors own 75.34% of the company’s stock.
In related news, Director Pacific Opportunity F. Columbia sold 31,612 shares of Red Lion Hotels stock in a transaction on Friday, September 7th. The shares were sold at an average price of $13.01, for a total transaction of $411,272.12. Following the completion of the transaction, the director now owns 703,068 shares of the company’s stock, valued at $9,146,914.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pacific Opportunity F. Columbia sold 50,858 shares of Red Lion Hotels stock in a transaction on Friday, September 28th. The stock was sold at an average price of $12.36, for a total transaction of $628,604.88. Following the transaction, the director now directly owns 500,000 shares of the company’s stock, valued at approximately $6,180,000. The disclosure for this sale can be found here. Insiders have sold 266,292 shares of company stock valued at $3,438,312 in the last three months. 19.70% of the stock is owned by insiders.
RLH stock opened at $9.02 on Friday. Red Lion Hotels Co. has a 52-week low of $7.80 and a 52-week high of $14.75. The company has a current ratio of 1.89, a quick ratio of 1.88 and a debt-to-equity ratio of 0.18.
Red Lion Hotels (NYSE:RLH) last released its quarterly earnings results on Monday, November 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.49). The business had revenue of $36.00 million for the quarter, compared to the consensus estimate of $36.58 million. Red Lion Hotels had a net margin of 7.32% and a negative return on equity of 7.37%. As a group, analysts forecast that Red Lion Hotels Co. will post -0.43 EPS for the current fiscal year.
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Red Lion Hotels 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.
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