Zacks Investment Research Lowers Red Lion Hotels (RLH) to Sell

Red Lion Hotels (NYSE:RLH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, April 11th.

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. “

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Several other research firms have also weighed in on RLH. B. Riley reissued a “buy” rating and issued a $13.75 target price on shares of Red Lion Hotels in a research note on Thursday, January 18th. ValuEngine raised Red Lion Hotels from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.

Shares of RLH stock traded up $0.10 during trading hours on Wednesday, hitting $10.50. 6,423 shares of the company’s stock were exchanged, compared to its average volume of 93,815. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.14. Red Lion Hotels has a 52 week low of $6.15 and a 52 week high of $11.70.

Red Lion Hotels (NYSE:RLH) last issued its quarterly earnings results on Wednesday, March 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.01). Red Lion Hotels had a net margin of 0.33% and a negative return on equity of 0.02%. The firm had revenue of $38.49 million for the quarter, compared to analyst estimates of $39.10 million. analysts predict that Red Lion Hotels will post -0.03 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Benchmark Capital Advisors grew its holdings in shares of Red Lion Hotels by 2.6% during the fourth quarter. Benchmark Capital Advisors now owns 249,141 shares of the company’s stock worth $2,454,000 after buying an additional 6,200 shares in the last quarter. Wells Fargo & Company MN grew its stake in Red Lion Hotels by 51.5% in the fourth quarter. Wells Fargo & Company MN now owns 22,355 shares of the company’s stock valued at $220,000 after purchasing an additional 7,601 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Red Lion Hotels by 44.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 32,100 shares of the company’s stock valued at $317,000 after purchasing an additional 9,900 shares in the last quarter. Cpwm LLC bought a new position in Red Lion Hotels in the fourth quarter valued at approximately $103,000. Finally, The Manufacturers Life Insurance Company grew its stake in Red Lion Hotels by 236.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,095 shares of the company’s stock valued at $159,000 after purchasing an additional 11,309 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

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Red Lion Hotels Company Profile

Red Lion Hotels Corporation, a hospitality and leisure company, owns, manages, and franchises hotels under its Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse, and Settle Inn & Suites brands primarily in the United States. The company operates through three segments: Franchised Hotels, Company Operated Hotels, and Entertainment.

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