Thomas L. Mckeirnan Sells 22,000 Shares of Red Lion Hotels Corporation (RLH) Stock
Red Lion Hotels Corporation (NYSE:RLH) VP Thomas L. Mckeirnan sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $9.22, for a total transaction of $202,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Red Lion Hotels Corporation (NYSE RLH) remained flat at $$9.20 during mid-day trading on Friday. The company’s stock had a trading volume of 84,609 shares, compared to its average volume of 84,605. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.46. Red Lion Hotels Corporation has a 52 week low of $6.15 and a 52 week high of $9.40.
Red Lion Hotels (NYSE:RLH) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Red Lion Hotels had a negative net margin of 1.81% and a negative return on equity of 2.53%. The company had revenue of $51.02 million during the quarter, compared to the consensus estimate of $50.69 million. research analysts expect that Red Lion Hotels Corporation will post -0.2 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Red Lion Hotels by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock worth $15,758,000 after acquiring an additional 31,062 shares in the last quarter. Eidelman Virant Capital grew its position in Red Lion Hotels by 7.0% in the third quarter. Eidelman Virant Capital now owns 1,315,981 shares of the company’s stock valued at $11,383,000 after purchasing an additional 86,000 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in Red Lion Hotels by 9.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock valued at $4,991,000 after purchasing an additional 56,400 shares in the last quarter. Raffles Associates LP grew its position in Red Lion Hotels by 6.1% in the second quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock valued at $4,737,000 after purchasing an additional 36,938 shares in the last quarter. Finally, First Washington CORP grew its position in Red Lion Hotels by 2.1% in the second quarter. First Washington CORP now owns 619,460 shares of the company’s stock valued at $4,553,000 after purchasing an additional 12,500 shares in the last quarter. 66.84% of the stock is owned by institutional investors.
Red Lion Hotels 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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