Red Lion Hotels (RLH) Cut to “Hold” at ValuEngine

Red Lion Hotels (NYSE:RLH) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.

Several other research analysts have also weighed in on RLH. Zacks Investment Research lowered shares of Red Lion Hotels from a “hold” rating to a “strong sell” rating in a research note on Friday, November 9th. B. Riley set a $13.00 price target on shares of Red Lion Hotels and gave the company a “buy” rating in a research note on Thursday, December 27th.

RLH traded down $0.16 during trading on Monday, hitting $7.82. The company had a trading volume of 48,165 shares, compared to its average volume of 65,047. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Red Lion Hotels has a one year low of $6.92 and a one year high of $14.75.

In related news, major shareholder Coliseum Capital Management, L acquired 77,873 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was acquired at an average price of $7.07 per share, with a total value of $550,562.11. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have bought 530,667 shares of company stock valued at $3,874,380. 19.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RLH. Schwab Charles Investment Management Inc. increased its position in Red Lion Hotels by 21.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,100 shares of the company’s stock valued at $456,000 after acquiring an additional 7,000 shares during the period. BlackRock Inc. increased its position in shares of Red Lion Hotels by 1.8% during the second quarter. BlackRock Inc. now owns 1,303,463 shares of the company’s stock worth $15,186,000 after buying an additional 22,721 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Red Lion Hotels by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,011,687 shares of the company’s stock worth $23,436,000 after buying an additional 25,171 shares during the period. Renaissance Technologies LLC increased its position in shares of Red Lion Hotels by 8.7% during the second quarter. Renaissance Technologies LLC now owns 655,700 shares of the company’s stock worth $7,639,000 after buying an additional 52,700 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Red Lion Hotels by 4.7% during the third quarter. Russell Investments Group Ltd. now owns 218,200 shares of the company’s stock worth $2,728,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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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