Red Lion Hotels (NYSE: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 on Thursday, January 4th.

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. “

Other equities research analysts have also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $12.50 price target on shares of Red Lion Hotels in a research note on Thursday, October 5th. ValuEngine cut Red Lion Hotels from a “hold” rating to a “sell” rating in a research note on Friday, September 15th.

Shares of Red Lion Hotels (NYSE:RLH) opened at $10.15 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Red Lion Hotels has a 52 week low of $6.15 and a 52 week high of $10.15.

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

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

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in shares of Red Lion Hotels by 8,341.0% in the 2nd quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock valued at $110,000 after buying an additional 14,847 shares during the period. Rhumbline Advisers raised its holdings in shares of Red Lion Hotels by 52.4% in the 2nd quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock valued at $124,000 after buying an additional 5,780 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Red Lion Hotels by 7.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock valued at $146,000 after buying an additional 1,300 shares during the period. Teachers Advisors LLC grew its stake in Red Lion Hotels by 11.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock worth $216,000 after purchasing an additional 2,963 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in Red Lion Hotels by 240.2% during the 2nd quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock worth $228,000 after purchasing an additional 21,943 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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