Red Lion Hotels Corporation’s (RLH) Buy Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Red Lion Hotels Corporation (NYSE:RLH) in a research report released on Monday, October 30th. The firm currently has a $12.50 target price on the stock.

Several other brokerages have also commented on RLH. Zacks Investment Research lowered Red Lion Hotels Corporation from a hold rating to a sell rating in a research report on Friday, October 27th. ValuEngine upgraded Red Lion Hotels Corporation from a sell rating to a hold rating in a research report on Tuesday, September 26th. Finally, TheStreet upgraded Red Lion Hotels Corporation from a d+ rating to a c rating in a research report on Friday, August 4th.

Red Lion Hotels Corporation (RLH) opened at $8.55 on Monday. 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 Corporation has a 1 year low of $6.15 and a 1 year high of $9.35.

Red Lion Hotels Corporation (NYSE:RLH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $51.02 million for the quarter, compared to analyst estimates of $50.69 million. Red Lion Hotels Corporation had a negative return on equity of 2.53% and a negative net margin of 1.81%. equities analysts anticipate that Red Lion Hotels Corporation will post -0.22 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Red Lion Hotels Corporation by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock worth $15,758,000 after acquiring an additional 31,062 shares during the last quarter. Eidelman Virant Capital grew its position in Red Lion Hotels Corporation 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. Wellington Management Group LLP grew its position in Red Lion Hotels Corporation by 0.9% during the 1st quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after acquiring an additional 6,100 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Red Lion Hotels Corporation by 9.1% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock worth $4,991,000 after buying an additional 56,400 shares during the last quarter. Finally, Raffles Associates LP grew its position in shares of Red Lion Hotels Corporation by 6.1% in the 2nd quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock worth $4,737,000 after buying an additional 36,938 shares during the last quarter. Institutional investors and hedge funds own 63.75% of the company’s stock.

Red Lion Hotels Corporation 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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