Zacks Investment Research upgraded shares of Red Lion Hotels Corp. (NYSE:RLH) from a hold rating to a buy rating in a research note published on Friday. They currently have $9.50 price target on the stock.
According to Zacks, “WestCoast Hospitality Corporation serves the western United States with thousands of hotel rooms in different hotels. WestCoast provides entertainment services through TicketsWest.com, which encompasses a computerized ticket company with operations in Washington, Oregon, Idaho, Montana and Colorado, and WestCoast Entertainment, a Broadway and special event presenting company. TicketsWest.com services are available through its website, at www.TicketsWest.com, stand-alone outlets and a 24-hour toll free call center. (PRESS RELEASE) “
Separately, B. Riley reiterated a buy rating and issued a $11.00 price objective on shares of Red Lion Hotels Corp. in a research report on Thursday, July 28th.
Red Lion Hotels Corp. (NYSE:RLH) opened at 8.39 on Friday. The company has a 50 day moving average price of $7.52 and a 200-day moving average price of $7.61. The firm’s market capitalization is $169.72 million. Red Lion Hotels Corp. has a 1-year low of $5.45 and a 1-year high of $8.80.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RLH. Mesirow Financial Investment Management Equity Management boosted its position in Red Lion Hotels Corp. by 12.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 37,836 shares of the company’s stock worth $275,000 after buying an additional 4,253 shares during the last quarter. First Washington CORP boosted its position in Red Lion Hotels Corp. by 1.0% in the second quarter. First Washington CORP now owns 536,900 shares of the company’s stock worth $3,898,000 after buying an additional 5,100 shares during the last quarter. Benchmark Capital Advisors boosted its position in Red Lion Hotels Corp. by 8.9% in the second quarter. Benchmark Capital Advisors now owns 232,324 shares of the company’s stock worth $1,687,000 after buying an additional 19,025 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in 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 worth $2,569,000 after buying an additional 21,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in Red Lion Hotels Corp. during the second quarter worth approximately $162,000. Institutional investors own 64.53% of the company’s stock.
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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