Red Lion Hotels Corp. (NYSE:RLH) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $11.50 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels Corp. an industry rank of 76 out of 265 based on the ratings given to its competitors.
RLH has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Red Lion Hotels Corp. in a research report on Monday, July 11th. Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
Hedge funds have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management US Value Equity bought a new stake in Red Lion Hotels Corp. during the first quarter worth $283,000. Adirondack Research & Management Inc. purchased a new position in shares of Red Lion Hotels Corp. during the first quarter valued at about $721,000. Boothbay Fund Management LLC boosted its position in shares of Red Lion Hotels Corp. by 51.9% in the first quarter. Boothbay Fund Management LLC now owns 167,715 shares of the company’s stock valued at $1,414,000 after buying an additional 57,286 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Red Lion Hotels Corp. by 6.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 353,900 shares of the company’s stock valued at $2,569,000 after buying an additional 21,900 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Red Lion Hotels Corp. by 137.1% in the second quarter. Bank of New York Mellon Corp now owns 45,943 shares of the company’s stock valued at $334,000 after buying an additional 26,566 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.
Red Lion Hotels Corp. (NYSE:RLH) opened at 8.34 on Wednesday. Red Lion Hotels Corp. has a 52 week low of $5.45 and a 52 week high of $9.55. The firm has a 50-day moving average of $7.19 and a 200 day moving average of $7.59. The firm’s market capitalization is $168.71 million.
Red Lion Hotels Corp. Company Profile
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.
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