The Manufacturers Life Insurance Company Buys 11,309 Shares of Red Lion Hotels Co. (RLH)

The Manufacturers Life Insurance Company grew its stake in shares of Red Lion Hotels Co. (NYSE:RLH) by 236.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,095 shares of the company’s stock after purchasing an additional 11,309 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Red Lion Hotels worth $159,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Red Lion Hotels by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock worth $15,758,000 after purchasing an additional 31,062 shares in the last quarter. Vanguard Group Inc. increased its holdings in Red Lion Hotels by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock worth $4,029,000 after purchasing an additional 12,461 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in Red Lion Hotels by 18.2% during the 4th quarter. Wasatch Advisors Inc. now owns 333,122 shares of the company’s stock worth $3,281,000 after purchasing an additional 51,182 shares in the last quarter. Benchmark Capital Advisors increased its holdings in Red Lion Hotels by 2.6% during the 4th 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. Finally, Northern Trust Corp increased its holdings in Red Lion Hotels by 20.0% during the 2nd quarter. Northern Trust Corp now owns 207,262 shares of the company’s stock worth $1,523,000 after purchasing an additional 34,520 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. B. Riley reissued a “buy” rating and set a $13.75 price objective on shares of Red Lion Hotels in a report 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.

RLH stock opened at $10.05 on Friday. Red Lion Hotels Co. has a 12 month low of $6.15 and a 12 month high of $11.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36.

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Red Lion Hotels 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.

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

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