Red Lion Hotels Corporation (RLH) Stock Rating Lowered by Zacks Investment Research
Red Lion Hotels Corporation (NYSE:RLH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “WestCoast Hospitality Corporation serves the western United States with thousands of hotel rooms in different hotels. WestCoast provides entertainment services through TicketsWest.com, which encompasses a computerized ticket company with operations in Washington, Oregon, Idaho, Montana and Colorado, and WestCoast Entertainment, a Broadway and special event presenting company. TicketsWest.com services are available through its website, at www.TicketsWest.com, stand-alone outlets and a 24-hour toll free call center. (PRESS RELEASE) “
Other equities analysts also recently issued research reports about the company. B. Riley restated a “buy” rating and set a $12.50 target price on shares of Red Lion Hotels Corporation in a report on Sunday, August 6th. 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.
Shares of Red Lion Hotels Corporation (NYSE:RLH) opened at 8.45 on Tuesday. Red Lion Hotels Corporation has a 12 month low of $6.15 and a 12 month high of $9.40. The stock’s 50 day moving average is $7.17 and its 200 day moving average is $6.88. The firm’s market cap is $199.51 million.
Red Lion Hotels Corporation (NYSE:RLH) last announced its earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $48.53 million during the quarter, compared to the consensus estimate 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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Hedge funds have recently modified their holdings of the stock. BB&T Securities LLC purchased a new stake in Red Lion Hotels Corporation in the second quarter worth $1,041,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Red Lion Hotels Corporation in the second quarter worth $434,000. TIAA CREF Investment Management LLC grew its stake in Red Lion Hotels Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 42,519 shares of the company’s stock worth $300,000 after purchasing an additional 2,570 shares during the period. Sorin Capital Management LLC purchased a new stake in Red Lion Hotels Corporation in the second quarter worth $1,413,000. Finally, Wellington Management Group LLP grew its stake in Red Lion Hotels Corporation by 0.9% in the first quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after purchasing an additional 6,100 shares during the period. 63.28% of the stock is currently owned by institutional investors.
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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