Media stories about Red Lion Hotels (NYSE:RLH) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Red Lion Hotels earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.5792261569485 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Red Lion Hotels (NYSE:RLH) traded up $0.10 during trading on Friday, reaching $10.65. The company had a trading volume of 73,682 shares, compared to its average volume of 138,626. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36. Red Lion Hotels has a 12-month low of $6.15 and a 12-month high of $11.70. The firm has a market capitalization of $249.26, a price-to-earnings ratio of -59.16 and a beta of 0.87.
A number of brokerages have recently weighed in on RLH. B. Riley reissued a “buy” rating and issued 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.
In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $8.30, for a total value of $2,490,000.00. Following the sale, the director now directly owns 1,510,105 shares of the company’s stock, valued at $12,533,871.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas L. Mckeirnan sold 22,000 shares of the firm’s stock in a transaction that occurred 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 currently owned by company insiders.
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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