Red Lion Hotels Co. (NYSE:RLH)’s stock price shot up 6.2% during trading on Wednesday . The stock traded as high as $6.29 and last traded at $6.19, 99,649 shares traded hands during mid-day trading. An increase of 3% from the average session volume of 96,740 shares. The stock had previously closed at $5.83.

A number of equities analysts recently commented on the stock. B. Riley set a $11.00 price objective on shares of Red Lion Hotels and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th.

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $145.43 million, a PE ratio of -13.76 and a beta of 0.86. The business has a fifty day moving average price of $5.86 and a two-hundred day moving average price of $7.21.

Red Lion Hotels (NYSE:RLH) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.07). The business had revenue of $28.93 million for the quarter, compared to analyst estimates of $31.15 million. Red Lion Hotels had a negative net margin of 4.41% and a negative return on equity of 8.48%. As a group, sell-side analysts forecast that Red Lion Hotels Co. will post -0.17 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Red Lion Hotels by 28.7% in the 2nd quarter. BlackRock Inc. now owns 1,675,687 shares of the company’s stock valued at $11,914,000 after purchasing an additional 373,398 shares during the period. Vanguard Group Inc. grew its position in Red Lion Hotels by 1.6% during the second quarter. Vanguard Group Inc. now owns 1,071,258 shares of the company’s stock valued at $7,616,000 after purchasing an additional 17,268 shares in the last quarter. Royce & Associates LP grew its position in Red Lion Hotels by 16.7% during the first quarter. Royce & Associates LP now owns 957,771 shares of the company’s stock valued at $7,739,000 after purchasing an additional 136,900 shares in the last quarter. Eidelman Virant Capital grew its position in Red Lion Hotels by 7.7% during the first quarter. Eidelman Virant Capital now owns 765,000 shares of the company’s stock valued at $6,181,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Red Lion Hotels by 71.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 551,604 shares of the company’s stock valued at $3,921,000 after buying an additional 229,713 shares during the period. 74.69% of the stock is currently owned by institutional investors.

About Red Lion Hotels (NYSE:RLH)

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, Knights Inn, and Country Hearth Inns & Suites brands.

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