Analysts Offer Predictions for Red Lion Hotels Corp.’s Q2 2017 Earnings (RLH)
Red Lion Hotels Corp. (NYSE:RLH) – B. Riley upped their Q2 2017 EPS estimates for Red Lion Hotels Corp. in a note issued to investors on Tuesday. B. Riley analyst E. Wold now anticipates that the brokerage will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.11. B. Riley has a “Buy” rating and a $12.50 price objective on the stock. B. Riley also issued estimates for Red Lion Hotels Corp.’s Q3 2017 earnings at $0.48 EPS and Q2 2018 earnings at $0.26 EPS.
Separately, Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
Shares of Red Lion Hotels Corp. (NYSE:RLH) opened at 8.39 on Wednesday. The firm’s 50-day moving average price is $7.32 and its 200 day moving average price is $7.60. The stock’s market capitalization is $169.72 million. Red Lion Hotels Corp. has a 52 week low of $5.45 and a 52 week high of $9.10.
Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. bought a new stake in Red Lion Hotels Corp. during the second quarter valued at $162,000. Teachers Advisors Inc. acquired a new position in shares of Red Lion Hotels Corp. during the second quarter worth approximately $170,000. California State Teachers Retirement System acquired a new position in shares of Red Lion Hotels Corp. during the second quarter worth approximately $216,000. Mesirow Financial Investment Management Equity Management increased its position in shares of Red Lion Hotels Corp. by 12.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 37,836 shares of the company’s stock worth $275,000 after buying an additional 4,253 shares during the period. Finally, Mesirow Financial Investment Management US Value Equity acquired a new position in shares of Red Lion Hotels Corp. during the first quarter worth approximately $283,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Red Lion Hotels Corp. 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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