Red Lion Hotels Corporation (RLH) Lowered to Sell at ValuEngine

Red Lion Hotels Corporation (NYSE:RLH) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other research analysts have also issued reports about the company. B. Riley reiterated a “buy” rating and set a $12.50 target price on shares of Red Lion Hotels Corporation in a report on Monday, June 26th. Zacks Investment Research upgraded Red Lion Hotels Corporation from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a report on Wednesday, June 7th. Finally, TheStreet upgraded Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a report on Friday, August 4th.

Red Lion Hotels Corporation (NYSE RLH) traded down 1.32% on Friday, reaching $7.45. The company had a trading volume of 77,540 shares. The firm has a 50 day moving average price of $7.14 and a 200-day moving average price of $6.87. Red Lion Hotels Corporation has a 12 month low of $6.15 and a 12 month high of $9.40. The stock’s market capitalization is $175.90 million.

Red Lion Hotels Corporation (NYSE:RLH) last posted its earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. Analysts forecast that Red Lion Hotels Corporation will post ($0.20) earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Wasatch Advisors Inc. lifted its holdings in shares of Red Lion Hotels Corporation by 15.5% in the second quarter. Wasatch Advisors Inc. now owns 242,600 shares of the company’s stock valued at $1,783,000 after purchasing an additional 32,600 shares in the last quarter. Raffles Associates LP lifted its holdings in shares of Red Lion Hotels Corporation by 6.1% in the second quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock valued at $4,737,000 after purchasing an additional 36,938 shares in the last quarter. CWH Capital Management Inc. lifted its holdings in shares of Red Lion Hotels Corporation by 2.7% in the second quarter. CWH Capital Management Inc. now owns 38,373 shares of the company’s stock valued at $282,000 after purchasing an additional 1,000 shares in the last quarter. State Street Corp lifted its holdings in shares of Red Lion Hotels Corporation by 10.1% in the second quarter. State Street Corp now owns 197,614 shares of the company’s stock valued at $1,454,000 after purchasing an additional 18,116 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of Red Lion Hotels Corporation by 9.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock valued at $4,991,000 after purchasing an additional 56,400 shares in the last quarter. Institutional investors own 63.28% of the company’s stock.

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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