FY2016 EPS Estimates for Red Lion Hotels Corp. (RLH) Increased by Analyst
Red Lion Hotels Corp. (NYSE:RLH) – Equities researchers at Craig Hallum boosted their FY2016 earnings per share estimates for Red Lion Hotels Corp. in a research note issued on Wednesday. Craig Hallum analyst A. Fuhrman now forecasts that the firm will post earnings of ($0.19) per share for the year, up from their prior forecast of ($0.23).
Red Lion Hotels Corp. (NYSE:RLH) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.05. Red Lion Hotels Corp. had a negative net margin of 5.55% and a negative return on equity of 2.90%.
Other equities research analysts also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of Red Lion Hotels Corp. in a report on Saturday. Zacks Investment Research downgraded Red Lion Hotels Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th.
Shares of Red Lion Hotels Corp. (NYSE:RLH) opened at 9.40 on Friday. The company has a 50-day moving average of $8.37 and a 200-day moving average of $7.64. The firm’s market cap is $195.34 million. Red Lion Hotels Corp. has a 1-year low of $5.45 and a 1-year high of $9.40.
Large investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. bought a new stake in Red Lion Hotels Corp. during the second quarter valued at approximately $170,000. BlackRock Institutional Trust Company N.A. boosted its stake in Red Lion Hotels Corp. by 14.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 604,572 shares of the company’s stock valued at $4,389,000 after buying an additional 74,081 shares during the period. BlackRock Fund Advisors boosted its stake in Red Lion Hotels Corp. by 857.6% in the second quarter. BlackRock Fund Advisors now owns 371,993 shares of the company’s stock valued at $2,701,000 after buying an additional 333,148 shares during the period. BlackRock Investment Management LLC boosted its stake in Red Lion Hotels Corp. by 1,959.0% in the second quarter. BlackRock Investment Management LLC now owns 52,318 shares of the company’s stock valued at $380,000 after buying an additional 49,777 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Red Lion Hotels Corp. by 5.8% in the second quarter. Vanguard Group Inc. now owns 486,960 shares of the company’s stock valued at $3,535,000 after buying an additional 26,559 shares during the period. Institutional investors and hedge funds own 62.24% of the company’s stock.
In other news, major shareholder Pacific Opportunity F. Columbia sold 500,000 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $7.90, for a total value of $3,950,000.00. Following the completion of the sale, the insider now directly owns 2,010,105 shares of the company’s stock, valued at $15,879,829.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is owned by insiders.
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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