Red Lion Hotels Corporation (NYSE:RLH) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $12.00 for the company and are anticipating that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Red Lion Hotels Corporation an industry rank of 91 out of 265 based on the ratings given to related companies.
Several brokerages have recently issued reports on RLH. B. Riley reissued a “buy” rating and issued a $12.50 price target on shares of Red Lion Hotels Corporation in a report on Wednesday, November 2nd. Zacks Investment Research lowered shares of Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, December 7th.
Red Lion Hotels Corporation (NYSE:RLH) opened at 8.10 on Monday. The firm’s 50-day moving average is $8.48 and its 200 day moving average is $8.00. The firm’s market capitalization is $169.54 million. Red Lion Hotels Corporation has a 52-week low of $5.45 and a 52-week high of $9.40.
Red Lion Hotels Corporation (NYSE:RLH) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.05. Red Lion Hotels Corporation had a negative net margin of 5.55% and a negative return on equity of 2.87%. Equities analysts anticipate that Red Lion Hotels Corporation will post ($0.19) EPS for the current year.
In related news, major shareholder Pacific Opportunity F. Columbia sold 500,000 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $7.90, for a total value of $3,950,000.00. Following the sale, the insider now directly owns 2,010,105 shares of the company’s stock, valued at approximately $15,879,829.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. bought a new stake in Red Lion Hotels Corporation during the second quarter valued at approximately $162,000. Teachers Advisors Inc. bought a new stake in Red Lion Hotels Corporation during the second quarter valued at approximately $170,000. Dorsey & Whitney Trust CO LLC boosted its stake in Red Lion Hotels Corporation by 21.8% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 21,200 shares of the company’s stock valued at $177,000 after buying an additional 3,800 shares in the last quarter. California State Teachers Retirement System bought a new stake in Red Lion Hotels Corporation during the second quarter valued at approximately $216,000. Finally, Argentus Capital Management LLC bought a new stake in Red Lion Hotels Corporation during the third quarter valued at approximately $322,000. 56.32% of the stock is currently owned by institutional investors and hedge funds.
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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