Teachers Advisors LLC Grows Stake in Red Lion Hotels Corporation (RLH)

Teachers Advisors LLC lifted its stake in shares of Red Lion Hotels Corporation (NYSE:RLH) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,381 shares of the company’s stock after acquiring an additional 2,963 shares during the quarter. Teachers Advisors LLC owned 0.12% of Red Lion Hotels Corporation worth $216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BB&T Securities LLC bought a new stake in shares of Red Lion Hotels Corporation during the 2nd quarter worth $1,041,000. TIAA CREF Investment Management LLC boosted its position in shares of Red Lion Hotels Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 42,519 shares of the company’s stock worth $300,000 after buying an additional 2,570 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Red Lion Hotels Corporation by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 59,428 shares of the company’s stock worth $437,000 after buying an additional 577 shares during the period. Kennedy Capital Management Inc. acquired a new stake in shares of Red Lion Hotels Corporation in the second quarter worth $797,000. Finally, First Washington CORP boosted its position in shares of Red Lion Hotels Corporation by 2.1% in the second quarter. First Washington CORP now owns 619,460 shares of the company’s stock worth $4,553,000 after buying an additional 12,500 shares during the period. 64.74% of the stock is owned by institutional investors and hedge funds.

RLH has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $12.50 target price on shares of Red Lion Hotels Corporation in a research report on Thursday, October 5th. Zacks Investment Research cut Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. ValuEngine raised Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, TheStreet raised Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research report on Friday, August 4th.

Shares of Red Lion Hotels Corporation (RLH) opened at $8.55 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36. Red Lion Hotels Corporation has a 12-month low of $6.15 and a 12-month high of $9.35.

Red Lion Hotels Corporation (NYSE:RLH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Red Lion Hotels Corporation had a negative return on equity of 2.53% and a negative net margin of 1.81%. The business had revenue of $51.02 million during the quarter, compared to analyst estimates of $50.69 million. research analysts anticipate that Red Lion Hotels Corporation will post -0.22 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://sportsperspectives.com/2017/11/22/teachers-advisors-llc-grows-stake-in-red-lion-hotels-corporation-rlh.html.

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.

Institutional Ownership by Quarter for Red Lion Hotels Corporation (NYSE:RLH)

Receive News & Ratings for Red Lion Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply