Red Lion Hotels Corporation (RLH) Earning Somewhat Favorable Press Coverage, Study Finds
News articles about Red Lion Hotels Corporation (NYSE:RLH) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Lion Hotels Corporation earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 74 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Red Lion sues Hard Rock, says Reverb copied Hotel RL (travelweekly.com)
- Red Lion Hotels : sues Hard Rock Cafe, alleging its hotel brand aimed at millennials is a knockoff (4-traders.com)
- RLH Corporation Files Lawsuit Against Hard Rock Café International (finance.yahoo.com)
- Red Lion Hotels Corporation (RLH) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- $49.94 Million in Sales Expected for Red Lion Hotels Corporation (NYSE:RLH) This Quarter (americanbankingnews.com)
Red Lion Hotels Corporation (NYSE:RLH) traded up 0.74% during mid-day trading on Friday, reaching $6.80. The company’s stock had a trading volume of 51,510 shares. Red Lion Hotels Corporation has a 52 week low of $6.15 and a 52 week high of $9.40. The firm’s market capitalization is $160.09 million. The firm’s 50 day moving average price is $6.54 and its 200 day moving average price is $7.26.
Red Lion Hotels Corporation (NYSE:RLH) last issued its earnings results on Monday, May 8th. The company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.08. The business had revenue of $39.96 million during the quarter, compared to analysts’ expectations of $42.23 million. Red Lion Hotels Corporation had a negative return on equity of 1.91% and a negative net margin of 2.03%. On average, analysts anticipate that Red Lion Hotels Corporation will post ($0.20) EPS for the current fiscal year.
A number of research firms have commented on RLH. B. Riley reiterated a “buy” rating and set a $12.50 target price on shares of Red Lion Hotels Corporation in a research report on Saturday, July 1st. Zacks Investment Research downgraded Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th.
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In related news, Director Robert G. Wolfe bought 7,970 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $6.72 per share, for a total transaction of $53,558.40. Following the completion of the acquisition, the director now directly owns 46,926 shares in the company, valued at $315,342.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 14.70% of the stock is currently owned by company insiders.
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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