Red Lion Hotels (NYSE:RLH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Red Lion Hotels Corporation, established in 1959, is an international hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Vantage Hotels, Americas Best Value Inn, Canadas Best Value Inn, Lexington by Vantage, America’s Best Inns & Suites, Country Hearth Inns, Jameson Inn, Signature Inn and 3 Palms Hotels & Resorts brands. The company also owns and operates an entertainment and event ticket distribution business under the brand name TicketsWest. “

Separately, ValuEngine raised shares of Red Lion Hotels from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.

Shares of NYSE:RLH opened at $10.90 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.38 and a quick ratio of 1.37. Red Lion Hotels has a 12-month low of $6.15 and a 12-month high of $11.70.

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

In other news, Director Pacific Opportunity F. Columbia sold 64,523 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $10.29, for a total transaction of $663,941.67. Following the completion of the transaction, the director now owns 1,445,582 shares of the company’s stock, valued at $14,875,038.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas L. Mckeirnan sold 26,717 shares of the business’s stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $10.57, for a total transaction of $282,398.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,349 shares of company stock valued at $1,089,852. 19.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Red Lion Hotels by 266.6% during the first quarter. Millennium Management LLC now owns 139,686 shares of the company’s stock valued at $1,362,000 after acquiring an additional 101,580 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Red Lion Hotels by 25.3% during the first quarter. Segall Bryant & Hamill LLC now owns 467,507 shares of the company’s stock valued at $4,558,000 after acquiring an additional 94,381 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Red Lion Hotels during the first quarter valued at $1,946,000. Dimensional Fund Advisors LP boosted its holdings in shares of Red Lion Hotels by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,986,516 shares of the company’s stock valued at $19,369,000 after acquiring an additional 74,135 shares during the period. Finally, Marathon Capital Management acquired a new position in shares of Red Lion Hotels during the first quarter valued at $1,766,000. 65.83% of the stock is owned by institutional investors.

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.

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