Rutabaga Capital Management LLC MA Acquires New Position in Red Lion Hotels Co. (RLH)

Rutabaga Capital Management LLC MA acquired a new position in Red Lion Hotels Co. (NYSE:RLH) during the 4th quarter, HoldingsChannel reports. The fund acquired 154,126 shares of the company’s stock, valued at approximately $1,518,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Red Lion Hotels 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 purchasing an additional 577 shares in the last quarter. Teachers Advisors LLC grew its stake in Red Lion Hotels by 11.2% in the second quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock worth $216,000 after purchasing an additional 2,963 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Red Lion Hotels by 10.8% in the second quarter. TIAA CREF Investment Management LLC now owns 47,128 shares of the company’s stock worth $346,000 after purchasing an additional 4,609 shares in the last quarter. Rhumbline Advisers grew its stake in Red Lion Hotels by 52.4% in the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock worth $124,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Benchmark Capital Advisors grew its stake in Red Lion Hotels by 2.6% in the fourth quarter. Benchmark Capital Advisors now owns 249,141 shares of the company’s stock worth $2,454,000 after purchasing an additional 6,200 shares in the last quarter. 67.05% of the stock is currently owned by institutional investors.

In other news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $8.30, for a total transaction of $2,490,000.00. Following the completion of the sale, the director now owns 1,510,105 shares in the company, valued at approximately $12,533,871.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas L. Mckeirnan sold 22,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $9.22, for a total value of $202,840.00. The disclosure for this sale can be found here. 14.70% of the stock is owned by corporate insiders.

Shares of Red Lion Hotels Co. (RLH) opened at $10.35 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Red Lion Hotels Co. has a twelve month low of $6.15 and a twelve month high of $11.70.

Several research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $13.75 price objective on shares of Red Lion Hotels in a research note on Thursday, January 18th. Zacks Investment Research lowered Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Thursday, January 4th.

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

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