Red Lion Hotels (RLH) Upgraded to “Hold” by Zacks Investment Research

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Red Lion Hotels (NYSE:RLH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

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 analysts also recently weighed in on RLH. TheStreet downgraded shares of Red Lion Hotels from a “b-” rating to a “c” rating in a research report on Friday, September 21st. B. Riley set a $13.00 price objective on shares of Red Lion Hotels and gave the stock a “buy” rating in a research report on Thursday, December 27th. Finally, ValuEngine downgraded shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 6th.

NYSE RLH opened at $8.65 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.88 and a current ratio of 1.89. Red Lion Hotels has a 52 week low of $6.92 and a 52 week high of $14.75.

Red Lion Hotels (NYSE:RLH) last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.49). Red Lion Hotels had a negative return on equity of 7.37% and a net margin of 7.32%. The firm had revenue of $36.00 million for the quarter, compared to analyst estimates of $36.58 million. Research analysts expect that Red Lion Hotels will post -0.43 EPS for the current year.

In related news, major shareholder Coliseum Capital Management, L acquired 39,287 shares of Red Lion Hotels stock in a transaction dated Monday, December 24th. The stock was acquired at an average price of $7.44 per share, for a total transaction of $292,295.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 530,667 shares of company stock valued at $3,874,380 in the last 90 days. Insiders own 19.70% of the company’s stock.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in Red Lion Hotels in the 3rd quarter valued at $129,000. Chicago Equity Partners LLC acquired a new position in Red Lion Hotels in the 2nd quarter valued at $155,000. Schwab Charles Investment Management Inc. increased its stake 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. EAM Global Investors LLC acquired a new position in Red Lion Hotels in the 3rd quarter valued at $984,000. Finally, Wells Fargo & Company MN increased its stake in Red Lion Hotels by 197.2% in the 3rd quarter. Wells Fargo & Company MN now owns 97,552 shares of the company’s stock valued at $1,220,000 after buying an additional 64,725 shares during the period. Institutional investors and hedge funds own 77.37% of the company’s stock.

About Red Lion Hotels

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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