Red Lion Hotels Co. (RLH) Major Shareholder Coliseum Capital Management, L Sells 488,037 Shares

Red Lion Hotels Co. (NYSE:RLH) major shareholder Coliseum Capital Management, L sold 488,037 shares of the stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $10.45, for a total transaction of $5,099,986.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Red Lion Hotels stock traded down $0.35 during midday trading on Tuesday, hitting $11.75. The company had a trading volume of 131,200 shares, compared to its average volume of 99,677. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.20. Red Lion Hotels Co. has a 12-month low of $6.15 and a 12-month high of $12.70.

Red Lion Hotels (NYSE:RLH) last announced its quarterly earnings data on Thursday, May 10th. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.08). The company had revenue of $33.04 million during the quarter, compared to analysts’ expectations of $37.25 million. Red Lion Hotels had a net margin of 3.96% and a negative return on equity of 0.63%. equities analysts predict that Red Lion Hotels Co. will post -0.07 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of RLH. Schwab Charles Investment Management Inc. raised its position in Red Lion Hotels by 44.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 32,100 shares of the company’s stock worth $317,000 after buying an additional 9,900 shares during the last quarter. Wells Fargo & Company MN raised its position in Red Lion Hotels by 51.5% during the 4th quarter. Wells Fargo & Company MN now owns 22,355 shares of the company’s stock worth $220,000 after buying an additional 7,601 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Red Lion Hotels by 236.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 16,095 shares of the company’s stock worth $159,000 after buying an additional 11,309 shares during the last quarter. BlackRock Inc. raised its position in Red Lion Hotels by 1.2% during the 4th quarter. BlackRock Inc. now owns 1,290,678 shares of the company’s stock worth $12,713,000 after buying an additional 15,297 shares during the last quarter. Finally, Royce & Associates LP raised its position in Red Lion Hotels by 15.2% during the 4th quarter. Royce & Associates LP now owns 440,600 shares of the company’s stock worth $4,340,000 after buying an additional 58,000 shares during the last quarter. 66.63% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Red Lion Hotels from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. Zacks Investment Research raised shares of Red Lion Hotels from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th.

Red Lion Hotels Company Profile

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.

Insider Buying and Selling by Quarter for Red Lion Hotels (NYSE:RLH)

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