Wellington Management Group LLP increased its position in Red Lion Hotels Corporation (NYSE:RLH) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 721,743 shares of the company’s stock after buying an additional 6,100 shares during the period. Wellington Management Group LLP owned 3.07% of Red Lion Hotels Corporation worth $5,088,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RLH. Alambic Investment Management L.P. increased its position in shares of Red Lion Hotels Corporation by 10.8% in the first quarter. Alambic Investment Management L.P. now owns 20,027 shares of the company’s stock worth $141,000 after buying an additional 1,950 shares during the period. TFS Capital LLC increased its position in shares of Red Lion Hotels Corporation by 93.8% in the first quarter. TFS Capital LLC now owns 22,243 shares of the company’s stock worth $157,000 after buying an additional 10,764 shares during the period. First Washington CORP increased its position in shares of Red Lion Hotels Corporation by 7.1% in the first quarter. First Washington CORP now owns 606,960 shares of the company’s stock worth $4,279,000 after buying an additional 40,425 shares during the period. Bank of New York Mellon Corp increased its position in shares of Red Lion Hotels Corporation by 8.3% in the first 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 during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Red Lion Hotels Corporation by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 424,589 shares of the company’s stock worth $3,545,000 after buying an additional 106,289 shares during the last quarter. Institutional investors own 63.48% of the company’s stock.

Red Lion Hotels Corporation (RLH) traded up 4.51% during midday trading on Friday, hitting $6.95. The stock had a trading volume of 24,183 shares. The firm’s 50-day moving average price is $6.94 and its 200 day moving average price is $7.06. The company’s market cap is $163.61 million. Red Lion Hotels Corporation has a 12 month low of $6.15 and a 12 month high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last announced its earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. Red Lion Hotels Corporation had a negative return on equity of 1.91% and a negative net margin of 2.03%. On average, analysts expect that Red Lion Hotels Corporation will post ($0.20) earnings per share for the current fiscal year.

WARNING: “Wellington Management Group LLP Has $5.09 Million Position in Red Lion Hotels Corporation (NYSE:RLH)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/04/wellington-management-group-llp-has-5-09-million-position-in-red-lion-hotels-corporation-nyserlh-updated-updated-updated.html.

RLH has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $12.50 target price on shares of Red Lion Hotels Corporation in a report on Tuesday. Zacks Investment Research upgraded Red Lion Hotels Corporation from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Wednesday, June 7th.

In related news, Director Robert G. Wolfe acquired 7,970 shares of Red Lion Hotels Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $6.72 per share, with a total value of $53,558.40. Following the transaction, the director now directly owns 46,926 shares in the company, valued at $315,342.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.70% of the stock is owned by company insiders.

Red Lion Hotels Corporation 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.

Institutional Ownership by Quarter for Red Lion Hotels Corporation (NYSE:RLH)

Receive News & Stock Ratings for Red Lion Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels Corporation and related stocks with our FREE daily email newsletter.