Red Lion Hotels (RLH) Reaches New 1-Year High and Low at $12.00

Shares of Red Lion Hotels Co. (NYSE:RLH) hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $12.00 and last traded at $11.95, with a volume of 10048 shares. The stock had previously closed at $11.75.

A number of brokerages have recently issued reports on RLH. ValuEngine upgraded shares of Red Lion Hotels from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 7th. Zacks Investment Research upgraded shares of Red Lion Hotels from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th.

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

In related news, VP Thomas L. Mckeirnan sold 26,717 shares of the stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $10.57, for a total transaction of $282,398.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pacific Opportunity F. Columbia sold 141,000 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $10.86, for a total transaction of $1,531,260.00. Following the transaction, the director now directly owns 1,129,105 shares of the company’s stock, valued at approximately $12,262,080.30. The disclosure for this sale can be found here. Insiders have sold a total of 406,704 shares of company stock valued at $4,495,760 in the last ninety days. 19.70% of the stock is currently owned by corporate insiders.

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

About Red Lion Hotels

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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