Pacific Opportunity F. Columbia Sells 18,200 Shares of Red Lion Hotels Co. (RLH) Stock
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 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.
Featured Article: How is a Moving Average Calculated?
Receive News & Ratings for Red Lion Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels and related companies with MarketBeat.com's FREE daily email newsletter.