Red Lion Hotels Co. (NYSE:RLH) Director Pacific Opportunity F. Columbia sold 18,200 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $13.90, for a total value of $252,980.00. Following the completion of the sale, the director now owns 807,905 shares of the company’s stock, valued at approximately $11,229,879.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE RLH opened at $13.50 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. Red Lion Hotels Co. has a twelve month low of $6.90 and a twelve month high of $14.75.

Red Lion Hotels (NYSE:RLH) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). Red Lion Hotels had a net margin of 2.80% and a negative return on equity of 1.97%. The firm had revenue of $38.61 million during the quarter, compared to analysts’ expectations of $36.32 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in shares of Red Lion Hotels by 21.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the company’s stock worth $456,000 after purchasing an additional 7,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Red Lion Hotels by 51.5% during the fourth quarter. Wells Fargo & Company MN now owns 22,355 shares of the company’s stock worth $220,000 after purchasing an additional 7,601 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Red Lion Hotels by 4.5% during the second quarter. Russell Investments Group Ltd. now owns 208,500 shares of the company’s stock worth $2,429,000 after purchasing an additional 8,900 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Red Lion Hotels during the second quarter worth approximately $155,000. Finally, BlackRock Inc. raised its stake in shares of Red Lion Hotels by 1.8% during the second quarter. BlackRock Inc. now owns 1,303,463 shares of the company’s stock worth $15,186,000 after purchasing an additional 22,721 shares during the last quarter. Institutional investors own 78.61% of the company’s stock.

A number of brokerages have weighed in on RLH. Zacks Investment Research upgraded Red Lion Hotels from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Tuesday, August 14th. ValuEngine cut Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. TheStreet upgraded Red Lion Hotels from a “c” rating to a “b-” rating in a research note on Wednesday, August 15th. Finally, B. Riley boosted their price objective on Red Lion Hotels from $14.50 to $16.25 and gave the company a “buy” rating in a research note on Wednesday, July 25th.

About Red Lion Hotels

Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, and Country Hearth Inns & Suites brands; America's Best Inn & Suites, Jameson Inns, Lexington Hotels & Inns, and 3 Palm Hotels brands; and Value Inn Worldwide and Value Hotel Worldwide brands.

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