Red Lion Hotels Co. (NYSE:RLH) announced its quarterly earnings data on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.08. Red Lion Hotels had a negative return on equity of 2.87% and a negative net margin of 5.55%. The firm had revenue of $39.96 million for the quarter, compared to analysts’ expectations of $42.23 million.
Shares of Red Lion Hotels (NYSE:RLH) traded up 0.79% during mid-day trading on Friday, reaching $6.40. 34,909 shares of the company’s stock traded hands. Red Lion Hotels has a 12-month low of $6.23 and a 12-month high of $9.40. The firm’s market capitalization is $150.66 million. The stock has a 50-day moving average price of $6.65 and a 200 day moving average price of $7.74.
In related news, Director Robert G. Wolfe purchased 7,970 shares of Red Lion Hotels stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of $6.72 per share, with a total value of $53,558.40. Following the purchase, the director now owns 46,926 shares of the company’s stock, valued at $315,342.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Red Lion Hotels by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,770 shares of the company’s stock worth $12,294,000 after buying an additional 23,720 shares during the period. Wellington Management Group LLP boosted its position in shares of Red Lion Hotels by 0.9% in the first quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after buying an additional 6,100 shares during the period. First Washington CORP boosted its position in shares of Red Lion Hotels by 28.5% in the third quarter. First Washington CORP now owns 689,995 shares of the company’s stock worth $5,755,000 after buying an additional 153,095 shares during the period. ARS Investment Partners LLC purchased a new position in Red Lion Hotels during the fourth quarter valued at approximately $5,415,000. Finally, Vanguard Group Inc. boosted its position in Red Lion Hotels by 1.9% in the first quarter. Vanguard Group Inc. now owns 535,679 shares of the company’s stock valued at $3,776,000 after buying an additional 9,796 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.
Several analysts recently issued reports on RLH shares. Zacks Investment Research raised Red Lion Hotels from a “sell” rating to a “hold” rating in a research note on Thursday, March 16th. TheStreet cut Red Lion Hotels from a “c” rating to a “d+” rating in a research note on Tuesday, March 7th. Finally, B. Riley reissued a “buy” rating and issued a $12.50 target price on shares of Red Lion Hotels in a research note on Friday, May 12th.
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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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