Red Lion Hotels Co. (NYSE:RLH) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $16.25 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Red Lion Hotels an industry rank of 157 out of 255 based on the ratings given to related companies.
A number of equities analysts recently commented on the stock. ValuEngine cut shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of Red Lion Hotels from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a research note on Tuesday, August 14th. TheStreet raised shares of Red Lion Hotels from a “c” rating to a “b-” rating in a research report on Wednesday, August 15th. Finally, B. Riley boosted their price objective on shares of Red Lion Hotels from $14.50 to $16.25 and gave the company a “buy” rating in a research report on Wednesday, July 25th.
In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 125,000 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $11.84, for a total value of $1,480,000.00. Following the completion of the sale, the director now directly owns 1,004,105 shares of the company’s stock, valued at approximately $11,888,603.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Hna Investment Management Llc sold 3,738,401 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $10.45, for a total transaction of $39,066,290.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,720,454 shares of company stock valued at $50,293,957. 19.70% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC purchased a new stake in Red Lion Hotels in the 2nd quarter valued at about $155,000. Wells Fargo & Company MN boosted its position in Red Lion Hotels by 51.5% in the 4th quarter. Wells Fargo & Company MN now owns 22,355 shares of the company’s stock valued at $220,000 after buying an additional 7,601 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Red Lion Hotels by 21.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the company’s stock valued at $456,000 after buying an additional 7,000 shares during the period. Deutsche Bank AG boosted its position in Red Lion Hotels by 288.0% in the 4th quarter. Deutsche Bank AG now owns 67,485 shares of the company’s stock valued at $663,000 after buying an additional 50,090 shares during the period. Finally, EAM Global Investors LLC bought a new stake in shares of Red Lion Hotels in the 1st quarter valued at about $960,000. 78.61% of the stock is owned by institutional investors.
Shares of RLH stock traded up $0.15 during trading hours on Friday, reaching $13.05. 111,900 shares of the stock were exchanged, compared to its average volume of 99,069. Red Lion Hotels has a 12-month low of $7.00 and a 12-month high of $14.75. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.27.
Red Lion Hotels (NYSE:RLH) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Red Lion Hotels had a negative return on equity of 1.97% and a net margin of 2.80%. The firm had revenue of $38.61 million for the quarter, compared to analysts’ expectations of $36.32 million.
Red Lion Hotels Company 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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