Geode Capital Management LLC Purchases 7,094 Shares of Red Lion Hotels Corporation (RLH)

Geode Capital Management LLC raised its position in Red Lion Hotels Corporation (NYSE:RLH) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 130,126 shares of the company’s stock after acquiring an additional 7,094 shares during the period. Geode Capital Management LLC owned approximately 0.55% of Red Lion Hotels Corporation worth $917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Alambic Investment Management L.P. increased its holdings in Red Lion Hotels Corporation by 10.8% during the 1st quarter. Alambic Investment Management L.P. now owns 20,027 shares of the company’s stock valued at $141,000 after acquiring an additional 1,950 shares in the last quarter. CWH Capital Management Inc. increased its holdings in Red Lion Hotels Corporation by 5.7% during the 1st quarter. CWH Capital Management Inc. now owns 37,373 shares of the company’s stock valued at $263,000 after acquiring an additional 2,000 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Red Lion Hotels Corporation by 6.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 42,519 shares of the company’s stock valued at $300,000 after acquiring an additional 2,570 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Red Lion Hotels Corporation by 8.3% during the 1st quarter. Bank of New York Mellon Corp now owns 58,851 shares of the company’s stock valued at $415,000 after acquiring an additional 4,532 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings 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 valued at $5,088,000 after acquiring an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 63.28% of the company’s stock.

A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $12.50 price target on shares of Red Lion Hotels Corporation in a research report on Monday, June 26th. TheStreet raised shares of Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, ValuEngine cut shares of Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 15th.

Red Lion Hotels Corporation (NYSE:RLH) opened at 8.15 on Friday. The stock’s 50 day moving average is $7.17 and its 200 day moving average is $6.88. Red Lion Hotels Corporation has a 52-week low of $6.15 and a 52-week high of $9.40. The company’s market cap is $192.43 million.

Red Lion Hotels Corporation (NYSE:RLH) last announced its earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The company had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. On average, analysts predict that Red Lion Hotels Corporation will post ($0.20) earnings per share for the current fiscal year.

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About Red Lion Hotels Corporation

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.

Institutional Ownership by Quarter for Red Lion Hotels Corporation (NYSE:RLH)

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