Red Lion Hotels Corporation (NYSE:RLH) Receives Buy Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of Red Lion Hotels Corporation (NYSE:RLH) in a research note published on Thursday, October 5th. They currently have a $12.50 price target on the stock.

“We continue to believe the owned hotels and associated non- recourse debt in those JVs has created a confusing situation for investors around the true state of the balance sheet and underlying growth trends for the franchise operations — and the sale of the owned hotels could help to unlock significant value for shareholders over the next 6-12 months.”,” the firm’s analyst wrote.

A number of other analysts have also commented on RLH. Zacks Investment Research lowered Red Lion Hotels Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. TheStreet upgraded Red Lion Hotels Corporation from a d+ rating to a c rating in a report on Friday, August 4th. Finally, ValuEngine upgraded Red Lion Hotels Corporation from a sell rating to a hold rating in a report on Wednesday, September 6th.

Shares of Red Lion Hotels Corporation (NYSE:RLH) remained flat at $8.80 during mid-day trading on Thursday. 53,653 shares of the stock traded hands. The stock’s market capitalization is $207.78 million. The firm’s 50 day moving average price is $8.02 and its 200 day moving average price is $7.10. Red Lion Hotels Corporation has a one year low of $6.15 and a one year high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $48.53 million during 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%. Equities analysts forecast that Red Lion Hotels Corporation will post ($0.22) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLH. Bank of New York Mellon Corp increased its holdings in Red Lion Hotels Corporation by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 58,851 shares of the company’s stock worth $415,000 after buying an additional 4,532 shares in the last quarter. Wellington Management Group LLP increased its holdings in Red Lion Hotels Corporation by 0.9% in the 1st quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after buying an additional 6,100 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Red Lion Hotels Corporation by 6.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 42,519 shares of the company’s stock worth $300,000 after buying an additional 2,570 shares in the last quarter. Royce & Associates LP boosted its position in Red Lion Hotels Corporation by 20.1% in the first quarter. Royce & Associates LP now owns 346,500 shares of the company’s stock worth $2,443,000 after purchasing an additional 58,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Red Lion Hotels Corporation by 5.8% in the first quarter. Geode Capital Management LLC now owns 130,126 shares of the company’s stock worth $917,000 after purchasing an additional 7,094 shares during the last quarter. Institutional investors own 63.28% of the company’s stock.

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.

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