Kennedy Capital Management Inc. purchased a new stake in Red Lion Hotels Corporation (NYSE:RLH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 108,416 shares of the company’s stock, valued at approximately $797,000. Kennedy Capital Management Inc. owned about 0.46% of Red Lion Hotels Corporation at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RLH. BB&T Securities LLC bought a new stake in shares of Red Lion Hotels Corporation in the 2nd quarter valued at about $1,041,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Red Lion Hotels Corporation in the 2nd quarter valued at about $434,000. Royce & Associates LP increased its stake in shares of Red Lion Hotels Corporation by 20.1% in the 1st quarter. Royce & Associates LP now owns 346,500 shares of the company’s stock valued at $2,443,000 after acquiring an additional 58,000 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Red Lion Hotels Corporation in the 2nd quarter valued at about $370,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Red Lion Hotels Corporation by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,743,770 shares of the company’s stock valued at $12,294,000 after acquiring an additional 23,720 shares during the last quarter. 63.28% of the stock is owned by institutional investors.

Shares of Red Lion Hotels Corporation (NYSE:RLH) opened at 7.90 on Friday. The stock has a 50 day moving average price of $7.17 and a 200-day moving average price of $6.88. The company’s market capitalization is $186.53 million. Red Lion Hotels Corporation has a 52 week low of $6.15 and a 52 week high of $9.40.

Red Lion Hotels Corporation (NYSE:RLH) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The company had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. Equities research analysts expect that Red Lion Hotels Corporation will post ($0.20) EPS for the current year.

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A number of analysts have recently commented on the company. B. Riley set a $13.00 price target on Red Lion Hotels Corporation and gave the company a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. TheStreet raised Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research note on Friday, August 4th. Finally, ValuEngine raised Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th.

Red Lion Hotels Corporation 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)

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